Neos Partners Raises $1.37 Billion Fund II to Invest in the Energy Transition and Critical Infrastructure Sectors

– Neos closed Fund II at $1.37 billion, reaching its hard cap. Includes a $350 million committed co-investment vehicle.

– Fund II follows Fund I, which raised $830 million and invested in seven companies, including BBC Electrical Services, Inc., FastGrid, and States Manufacturing.

– Secured commitments from leading endowments, foundations, investment managers, family offices, and other institutional investors.

– Neos is an investment firm specializing in second-order investing in energy transition and critical infrastructure sectors.

– Founded by Peter Jonna and Brad Forth, experienced engineers with over a decade of joint investment experience in the sector.

– Team includes experts in M&A, financing, research, strategy, growth, and operations, alongside senior advisors who are industry leaders.

– Focused on operating companies in North America.

– Targets sectors: renewable energy, power grid, infrastructure, data centers, and energy-intensive industries.

– Peter Jonna, Managing Partner, emphasized the favorable market conditions for their target sectors and the firm’s strong network and sector focus.

– Over 100 founders, executives, and advisors have committed $260 million to Neos funds.

– UBS served as financial advisor and exclusive placement agent.

– Latham & Watkins and Weil, Gotshal & Manges LLP served as legal counsel.