Our energy transition credit strategy focuses on senior-secured, asset-backed financing solutions for infrastructure-as-a-service business models.

Our credit solutions are geared towards fragmented segments of the energy transition. Through long-term agreements with energy service companies, technology providers, and other project originators, we provide bespoke funding visibility to our partners and generate proprietary investment opportunities. We are currently mainly focused on opportunities in the European Economic Area but are expanding into other core OECD markets.

Characteristics

Partnering to finance energy transition infrastructure

By providing capital to our partners, who serve industrial, commercial, and public clients under as-a-service contracts, our financing solutions enable the implementation of a wide array of energy transition applications. These include energy efficiency measures such as LED streetlighting and industrial lighting retrofits, energetic refurbishments of public building portfolios, smart metering, waste-heat recovery systems, and industrial machinery retrofits. We also tap into the wider energy transition opportunity set with investments in self-consumption solar PV installations for commercial and industrial end customers as well as electric vehicle charging networks.

Proprietary, scalable investments

Through framework agreements with energy service providers and similar partners, we invest at scale by efficiently aggregating individual projects into larger project portfolios while using our longstanding experience and intricate knowledge to assess and manage the associated risks.

Rigorous credit risk management targeting investment-grade profile

Diverse, smaller projects allow for a high degree of risk diversification across end customers, business models, and technological solutions. We target an investment-grade risk profile for our portfolio based on an advanced, proprietary credit risk underwriting process supported by a reputable credit ratings provider. We use our deep structuring expertise to achieve strong collateral packages and other credit protection mechanisms, while providing valuable capital to our investment partners. We factor in ESG considerations to identify, account for, and mitigate a wider range of direct and indirect risks. We have bespoke data base systems and a dedicated credit monitoring team to protect the returns on our credit investments.

Long-term-contracted, amortising exposures

Our typical financing structures provide capital against long-term contracted cash flows which deliver attractive returns and repay invested capital typically within the tenor of the underlying contracts. This leads to a high degree of return visibility and low to no bullet repayment risk.

Background pattern Background pattern

Sample investments

On-site solar PV system for a leading car manufacturer

Through a framework agreement with a leading solar PV developer on the Iberian Peninsula, we financed a sizeable on-site solar PV installation at the factory of a large car manufacturer in Northern Spain. Backed by a long-term power purchase agreement, the installation allowed the car manufacturer to significantly reduce energy costs and CO2 emissions.

LED street lighting retrofits for Greek municipalities

We partnered with a Greek energy service company to finance the replacement of conventional street lighting with highly efficient LEDs combined with a smart control system under multi-annual concession agreements. LEDs typically provide energy and cost savings of up to 80%, have a longer life, are less prone to defects, and thus lead to strongly reduced maintenance costs.

Energy retrofit for the facility of a global malt producer

We financed a comprehensive energy efficiency retrofit in a Polish factory of one of the largest global malt producers. The waste-heat recovery installation was implemented by a local energy service company under a long-term framework agreement based on an energy performance contract with an 11-year tenor. The financed measures are estimated to deliver about 10,000 tons of CO2 in avoided emissions per year.

Earlier, Closed Funds under Management

Since inception of our credit strategies in 2014, we have established ourselves as a leading financier of infrastructure-as-a-service business models. Two earlier credit funds focused on energy efficiency measures have been fully invested and are in the holding resp. realisation phase.

SUSI Energy Efficiency Fund II

SEEF II holds sustainable investments across Europe that increase the energy efficiency of existing infrastructure, real estate and industrial facilities, based on an extensive track record in the sector, an innovative structuring approach, and long-term partnerships with technology providers and energy service companies.

Status Fully invested
Asset class / Risk category Private Credit
Core geography Europe
Committed capital EUR 289 million
Launched 2019
End of fund term 2035

SUSI Energy Efficiency Fund I

SEEF I holds sustainable investments across Europe that increase the energy efficiency of existing infrastructure, real estate and industrial facilities, based on an innovative structuring approach and long-term partnerships with technology providers and energy service companies.

Status Fully invested
Asset class / Risk category Private credit
Core geography Europe
Committed capital EUR 200 million
Launched 2014
End of fund term 2027

Related Documents

SFDR 9 Disclosure - SUSI Energy Efficiency & Transition Credit Fund SFDR 9 Disclosure - SUSI Energy Efficiency Fund II Sustainable Investing Policy Responsible Procurement Policy

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Are you a professional investor?

The information contained in the following pages is only meant for professional clients (or institutional/qualified investors, as such term may apply in local jurisdictions) who qualify as „well-informed investors“ by Luxembourg’s 2007 law about Specialised Investment Funds. By accessing this website, you certify that you qualify as a well-informed investor.

The information provided does not constitute an offer or invitation to acquire or sell any service or product referred to.

SUSI Partners does not guarantee that the information or opinions displayed on the SUSI Partners website are accurate, reliable, complete, or up to date. The information and opinions contained in the SUSI Partners website are subject to change without notice. SUSI Partners accepts no liability for any errors or omissions herein, whether made by itself, its affiliates or any third party.

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Are you a professional investor?

The information contained in the following pages is only meant for professional clients (or institutional/qualified investors, as such term may apply in local jurisdictions) who qualify as „well-informed investors“ by Luxembourg’s 2007 law about Specialised Investment Funds. By accessing this website, you certify that you qualify as a well-informed investor.

The information provided does not constitute an offer or invitation to acquire or sell any service or product referred to.

SUSI Partners does not guarantee that the information or opinions displayed on the SUSI Partners website are accurate, reliable, complete, or up to date. The information and opinions contained in the SUSI Partners website are subject to change without notice. SUSI Partners accepts no liability for any errors or omissions herein, whether made by itself, its affiliates or any third party.

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