SUSI Partners has received a EUR 25 million commitment from the European Investment Fund (“EIF”) for its SUSI Energy Efficiency & Transition Credit Fund (“SEETCF”). With the investment, the EIF aims to leverage SUSI’s decade-long experience in financing energy efficiency and other energy transition propositions at scale.

SUSI has provided bespoke credit financing solutions to energy service companies and technology providers in the energy transition space since 2014. Originally geared towards energy efficiency measures in particular, the firm has to date invested approx. EUR 700 million into “as-a-service” energy transition propositions through its senior-secured, asset-backed financing solutions. With these funds, SUSI addresses a wide set of energy transition solutions with a focus on industrial decarbonisation measures, deep building retrofits, LED streetlighting, smart meters, and solar PV self-consumption.

As an important implementation partner of the InvestEU program, the EIF is tasked with supporting the continued growth of small to mid-cap enterprises across European Union member states, while also focusing on European policy priorities like decarbonisation. As the Fund strategy aims at financing energy efficiency and other energy transition solutions that are frequently provided by small and mid-sized companies, SUSI’s credit strategy represents a valuable match for the EIF mandate. SUSI counts on an extensive partner network, which today comprises c. 60 energy service companies and other project originators, and the Fund targets positive climate impact of all financed activities (SFDR 9 classified), which is also reflected in the remuneration scheme.

EIF Chief Executive Marjut Falkstedt says: “The EIF, with the backing of the InvestEU programme, is delighted to be able to contribute to SEETCF, which carries out specialist financing to accelerate decarbonisation in all segments of the economy. This is closely aligned to the main priorities of both the EU and the EIB Group – namely, accelerating the energy transition in Europe by attracting more private investment into this field.”

SEETCF is the third fund in SUSI’s well-established credit series and was launched in 2022. Its investor base is comprised of European institutional asset owners such as pension funds, insurance companies, and other private and public investors. EIF’s commitment underlines SUSI’s long-term, specialist expertise and the unique proposition of its credit strategy that is characterised by rigorous risk underwriting, a high degree of diversification thanks to a streamlined project aggregation process, and positive climate impact.