Swiss Life Asset Managers is planning to raise €750m for a new global renewable energy fund.
The manager has launched Fontavis ESG Renewable Infrastructure Fund II to invest in unlisted clean energy and infrastructure assets and companies.
The fund, which has been classified as an Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation, targets investments in OECD countries.
Swiss Life said the fund aims to build a diversified portfolio with ”unlisted assets focused on energy generation from renewable sources” such as wind, solar, hydro and biomass, as well as storage and renewable fuels.
Christoph Gisler, the head of infrastructure equity at Swiss Life Asset Managers, said: “We are proud of our strong track record and alignment of interest with our investors as we invest substantial amounts in the fund as well.
“The fund builds on the success of the predecessor fund while adapting to the ever-changing market environments.”
Marc Schürch, the head of renewable energy at Swiss Life Asset Managers, said: “In line with our strategy we want to apply our deep know-how of the energy sector and invest in all fields of the energy transition.
“As such we contribute on behalf of our investors to make electricity generation, heat supply and mobility more sustainable.”
Established in 2011, the Swiss Life Asset Managers infrastructure equity platform manages over €9bn in assets under management for its clients and partners.
Fontavis ESG Renewable Infrastructure Fund II is Swiss Life’s fourth renewable energy fund and the second fund which invests globally.
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