Since its first close in July 2024, Fund II has completed two investments, including Yeager Energy, a Dutch geothermal platform that develops, builds and operates geothermal energy projects for the horticulture and residential sector, and OG Clean Fuels, a leading European clean fuel filling stations platform. Pioneer has also signed a third investment that is scheduled to complete at the end of Q2 2025. Fund II was materially oversubscribed, exceeding its initial EUR 800 million target and reaching its increased hard cap at over EUR 1.1 billion in commitments - raised in just over twelve months. Having successfully advised on the launch of the first fund in the series, our fund team was subsequently entrusted with providing guidance throughout the launch and closing of Fund II. Drawing on our deep industry knowledge, we developed a fund structure that was both practical to implement and efficient to manage.
The successful fundraising and investor support reflect a growing focus on sustainable investment strategies. This momentum is reinforced by global ESG awareness, voluntary international standards, and the expanding body of European regulation aimed at driving responsible investment. By combining this market insight with the deep sector expertise of our funds team, we are proud to support clients like Pioneer Point Partners in structuring and closing funds that align with both investor expectations and long-term sustainability goals.
