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SUSI Partners kicks off 2022 fundraising with expansion of flagship equity fund

  • SUSI Partners reaches second closing for its OECD-focussed flagship equity fund, the SUSI Energy Transition Fund (SETF)
  • The closing is expected to be the first of several 2022 fundraisings on the path to EUR 2bn aggregate investor commitments within the calendar year
  • Further closings are in planning for SETF, SUSI’s Asia-focussed energy transition fund, and a new credit fund functioning as an evolution of SUSI’s two energy efficiency funds

Zug/Zurich, 1 June 2022 – SUSI Partners has finalised the second closing for SETF, adding EUR 144 million in investor commitments to expand the total fund size to EUR 441m. The closing kicks off an ambitious fundraising year which is expected to see the firm’s total investor commitments cross the EUR 2bn mark.

The second SETF closing adds commitments from a diverse group of institutional investors, including several German institutionals, a Dutch foundation, and a sizeable investment from a Swedish pension fund. With further closings planned for 2022, SUSI is entering the final stretch of fundraising for the first vintage of SETF.

Marius Dorfmeister, Co-CEO, comments: “With the pandemic becoming more manageable – at least momentarily – 2022 will be a busy fundraising year for us as we aim to surpass EUR 2bn in firm-wide investor commitments by the end of the year. This second closing for our flagship fund is an important step towards this goal and we are delighted to have new investors joining our efforts to drive forward the energy transition.”

Since the first closing of SETF in 2020, the fund has established five investment platforms covering a range of energy transition infrastructure from renewable energy production over energy efficiency measures to behind-the-meter customer solutions. The established platforms enable SETF to partner with experienced operators, cover a wider range of asset life cycles, and will ensure access to high-quality investment opportunities in attractive sectors and geographies for the foreseeable future.

“With the investments made through SETF to date, we have been able to leverage our extensive sector experience and track record”, says Marco van Daele, Co-CEO and Chief Investment Officer. “Our current focus is on building long-term platforms with experienced partners. We ensure that all investments are in line with our internal ESG framework, which we expect to enhance the quality of investments and underlying projects and hence their long-term viability and risk-adjusted returns,” he elaborates.

In addition to SETF, SUSI will raise further capital for both its Southeast Asia-focussed energy transition fund (SAETF) and the recently launched SUSI Energy Efficiency & Transition Credit Fund (SEETCF), an evolution of SUSI’s successful two energy efficiency strategies. With more than 80% of the second energy efficiency fund’s capital commitments invested well ahead of the end of its investment period, the launch of SEETCF will allow for a seamless transition into the deployment of this third-time fund.