Vision Ridge Partners has raised $700m (€640.9m) for SAF Annex Fund, an infrastructure fund.
Vision Ridge said the fund was backed by a number of investors including sovereign wealth funds, endowments, foundations, family offices, public pension funds, and consultant investors.
As previously reported San Francisco Employees Retirement System made a $40m commitment to SAF Annex.
To date, the manager has committed just over half of the fund’s capital to a number of investments.
The Annex Fund builds upon Vision Ridge’s track record of ”identifying, developing and transforming complex assets across energy, transportation and agriculture in seeking to deliver superior financial returns while driving positive environmental impact,” the manager said.
Reuben Munger, a managing partner at Vision Ridge, said: “As our world faces a seismic shift towards sustainability, we are please to help advance companies at the forefront of the energy transition by providing the capital, industry expertise and deep network of relationships they need to succeed for decades to come.”
The closing of the Annex Fund follows the close of Vision Ridge’s $1.25bn capital raise for Sustainable Asset Fund II in April of 2021.
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