Sustainable energy infrastructure investment manager SUSI Partners has raised an initial €132m for its third credit fund.
The Swiss fund manager said the SUSI Partners Energy Efficiency and Transition Credit Fund (SEETCF), which held its first close last month, has a €400m target size and will be open to investors throughout the year.
SEETCF’s €132m raised at the first close was received from pension funds, insurers, and foundations based in the Nordics and the DACH region, SUSI Partners said, adding that a great number of the fund’s limited partners previously backed the predecessor fund, the SUSI Energy Efficiency Fund II.
SEETCF, a 15-year vehicle, will focus on European countries with an option to deploy in other OECD markets.
Marius Dorfmeister, co-CEO and global head of clients at SUSI Partners, said: “At SUSI, we are all about building long-term partnerships and hence are very pleased to expand our cooperation with many existing investors that believe in our mission and the way we execute it.
“We consider the achieved 20% annual growth in aggregate commitments a vote of confidence in our deep energy sector expertise given current market turbulences.”
Marco van Daele, co-CEO and CIO at SUSI Partners, said: “Our bespoke financing structures with energy service companies and technology providers allow us to scale capital deployment efficiently in segments where others cannot.
“Institutional investors can thereby gain access to sectors of the energy transition that are very much in focus given recent events, critically underserved, and hence ripe with opportunity in addition to being hugely important to achieving global climate targets.”
SUSI Partners said it will also continue fundraising for its SUSI Asia Energy Transition Fund, which is expected to have a final close before the summer, and its flagship evergreen equity fund, the OECD-focused SUSI Energy Transition Fund.
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