Swiss infrastructure fund manager SUSI Partners has raised €289m for its second energy efficiency fund, slightly below its original €300m fundraising target.
The capital commitment received by the SUSI Energy Efficiency Fund II (SEEF II) at close exceeded the €200m raised by the predecessor fund, the manager said.
SUSI Partners said the SEEF II fund has an institutional investor base comprising pension funds, insurance companies and foundations from Switzerland, Germany, the Netherlands, Sweden and – for the first time – Denmark. Approximately half of the investors in the fund are new to SUSI Partners.
Marius Dorfmeister, co-CEO and global head of clients, said: “We have further diversified our investor base and the final closing brought us very close to our fundraising target of €300m, set before the unprecedented global outbreak of COVID-19.
“We are very pleased with this result in the current environment and would like to thank our clients for their trust.”
Marco van Daele, co-CEO and CIO, said: “Across our energy efficiency platform, we have raised around half a billion euros. That’s a remarkable amount.
“Having closed the second fund, we can now focus on timely capital deployment and evaluate potential follow-up investment strategies.”
Alexander Hunzinger, managing director energy efficiency, said: “We have plenty of attractive investment opportunities in the pipeline. There is a continued and growing need for investment in energy efficiency, a key driver of CO2 savings and prerequisite for a sustainable and successful energy transition.”
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