SUSI Partners has raised an initial €300m for its energy transition fund, marking the Swiss infrastructure manager’s biggest closing to date.

The manager said the SUSI Energy Transition Fund (SETF) exceeded its expectations and raised commitments from pension funds, insurance companies and other institutions from Australia, Germany, the Netherlands, Spain, Switzerland and the UK.

A substantial part of the fund’s investors are new to SUSI Partners, the manager said.

Marius Dorfmeister, co-CEO and global head of clients, said: “Demand for our new flagship fund clearly exceeds our expectations, especially in these economically challenging times, and we are excited to welcome investors from new regions to our growing client base.”

“Our fund offering is exclusively focused on sustainable energy infrastructure, with significant potential for CO2 savings and impact towards climate change mitigation. We are proud to provide institutional investors with access to a segment that continues to gain in importance.”

Marco van Daele, co-CEO and CIO, said: “This represents a natural evolution of our existing equity investment platform, as technologies and business models in our investment universe are increasingly converging.

“Now is the time to invest in clean energy infrastructure, which is still heavily underfinanced. With COVID-19 and the current economic downturn threatening to slow momentum, we are focused on maintaining investments to transform the energy system for a sustainable future.”

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