SUSI Partners raises EUR 300 million for energy transition fund

  • New flagship equity fund holds biggest closing of any SUSI fund to date
  • Focus on clean energy infrastructure investments in OECD countries to help mitigate climate change by significantly reducing CO2 emissions
  • Investor base comprises institutions from Australia, Germany, the Netherlands, Spain, Switzerland and the UK
  • Investor commitments across all SUSI funds up more than 40% since beginning of the year

Zug/Zurich, 31 July 2020 – SUSI Partners is pleased to announce that the SUSI Energy Transition Fund (OECD) (“SETF”) held its first closing on 30 July 2020 with investor commitments of EUR 300 million. This is the biggest closing of any SUSI fund to date and brings total investor assets under management to EUR 1.5 billion, an increase of more than 40% since the beginning of 2020.

“Demand for our new flagship fund clearly exceeds our expectations, especially in these economically challenging times, and we are excited to welcome investors from new regions to our growing client base,” comments Marius Dorfmeister, Co-CEO and Global Head of Clients. “Our fund offering is exclusively focused on sustainable energy infrastructure, with significant potential for CO2 savings and impact towards climate change mitigation. We are proud to provide institutional investors with access to a segment that continues to gain in importance.”

SETF has raised commitments from pension funds, insurance companies and other institutions from Australia, Germany, the Netherlands, Spain, Switzerland and the UK. A substantial part of the fund’s investors are new to SUSI Partners.

The investment strategy of SETF builds on the firm’s successful 10-year track record in financing sustainable energy infrastructure, with an evergreen structure enabling continuous and long-term investments that help decarbonise energy production, enhance energy efficiency, and enable the use of clean energy.

“This represents a natural evolution of our existing equity investment platform, as technologies and business models in our investment universe are increasingly converging,” says Marco van Daele, Co-CEO and Chief Investment Officer. “Now is the time to invest in clean energy infrastructure, which is still heavily underfinanced. With Covid-19 and the current economic downturn threatening to slow momentum, we are focused on maintaining investments to transform the energy system for a sustainable future.”

Based on externally certified calculations in line with the Greenhouse Gas Protocol, investments across SUSI Partners’ existing portfolio have resulted in 1.9 million tonnes of CO2 savings as of year-end 2019, and are expected to avoid 18.6 million tonnes of CO2 over the lifetime of the underlying technologies. Future investments made by SUSI funds will make a significant additional contribution, supporting in particular the United Nations Sustainable Development Goals on affordable and clean energy (7); industry, innovation and infrastructure (9); and climate action (13).