Neos Partners Raises $1.37B for Second Energy and Infrastructure Fund

San Diego-based Neos Partners announced the closing of Neos Partners II with $1.37B in capital commitments, not including a $350M co-investment vehicle.

Fund II closed at its hard cap and like its predecessor fund, which raised $830M, will invest in North American companies operating in renewable energy, power grid, infrastructure, data center, and energy-intensive industrial sectors.

Neos Partners was founded by engineers Peter Jonna and Brad Forth and primarily focuses on partnering with founder- and family-owned companies with differentiated capabilities and strong market positions. The firm partners with industrial companies, driving growth through organic initiatives and targeted acquisitions.

UBS served as financial advisor and exclusive placement agent. Latham & Watkins LLP and Weil, Gotshal & Manges LLP served as legal counsel.

Source: https://www.businesswire.com/news/home/20241120552252/en/Neos-Partners-Raises-1.37-Billion-Fund-II-to-Invest-in-the-Energy-Transition-and-Critical-Infrastructure-Sectors