SUSI Partners has now raised half of the €300m it set out to raise for its second energy efficiency fund.
The Swiss manager said its SUSI Energy Efficiency Fund II (SEEF II) has received €148.6m in capital commitments as at the second close this month.
The fund raised €45.4m at its first close in January this year and added €103.2m at its second close.
The manager said the fund, which aims to raise a minimum of €300m, remains open to institutional investors at least until the end of 2019.
Overall, the fund has deployed €30m via seven investments in seven European countries.
SEEF II’s investments include light-as-a-Service projects in Germany, Poland and Italy; energetic refurbishments of private apartments and public buildings in Italy and Slovenia, respectively; and street lighting retrofits in Spain.
Tobias Reichmuth, CEO and founder of SUSI Partners, said: “Energy efficiency
solutions are the most effective measure in delivering CO2 emissions reductions, thus making a strong contribution to achieving global climate goals.
“This is why they form an integral part of our holistic approach to financing the energy transition.”
Alexander Hunzinger, managing director responsible for SEEF II, said: “We have a healthy pipeline of projects in place for the rest of the year and will continue to invest in energy efficiency measures across private and public infrastructure, benefiting the environment and broader society as well as our investors.”