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- Neos Partners Closes $1.37B Fund II and $350M Co-Investment Vehicle
Neos Partners Closes $1.37B Fund II and $350M Co-Investment Vehicle
Slice of Energy Team
November 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
Notable Quote:
"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."
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.