Neos Partners Closes $1.37B Fund II and $350M Co-Investment Vehicle
Slice of Energy Team
11/25/2024
Key Highlights:
- Neos Partners II closed at $1.37 billion, reaching its hard cap.
- $350 million co-investment vehicle launched alongside Fund II.
- Focused on renewable energy, power grid, infrastructure, and data center sectors in North America.
- Fund II secured commitments from top institutional investors, including endowments and family offices.
- Preceded by Fund I, which has $830 million in commitments and investments in seven companies.
Source: Business Wire
Quotes
“ "We are grateful for the strong support from our institutional investors. We believe this is a very favorable time to invest in our target markets." ”
Peter Jonna, Managing Partner at Neos Partners
Our Take:
The successful close of Neos Partners II at its $1.37 billion hard cap and the additional $350 million co-investment vehicle underscore the growing investor confidence in energy transition and critical infrastructure sectors. The focus on operating companies in renewable energy, data centers, and energy-intensive industries aligns with global priorities for sustainable development and infrastructure resilience. Neos’s track record, demonstrated by Fund I investments, positions it well to leverage its industry expertise and network, driving significant growth in these pivotal sectors.
