Fundraising - DECEMBER 11, 2014

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European firm holds final close for energy-efficiency fund

by Reg Clodfelter

Zurich-based SUSI Partners has held a €300 million ($372.9 million) final close for the SUSI Energy Efficiency Fund, reaching its hard cap six months ahead of schedule (the official final closing will not happen until June 2015, so as to not limit the investment period of the fund).

“The SUSI Energy Efficiency Fund finances energy-efficient retrofits of existing infrastructure and receives part of the realized savings over an eight- to 10-year period as compensation for the investment,” explains Dr. Tobias Reichmuth, founder and CEO of SUSI Partners.

The fund, which targets retrofits to real estate portfolios, large single real estate assets, industrial facilities and public infrastructure, is the world’s largest privately initiated energy efficiency fund. Projects for the fund can be originated from the public sector, industrial facilities where retrofit paybacks greater than three years can be obtained and where energy efficiency is no

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