Swiss asset manager Fontavis has reached the end of its subscription period for its Fontavis Renewable Infrastructure Fund Europe (FORTE), closing out with €445 million ($540 million) in capital commitments from 24 investors.
The investor base consists of pension funds, insurance companies, investment funds and other qualified investors from several European countries.
“We are delighted to have exceeded the targets with our first European product,” said says Marc Schurch, head of international investments and product manager for FORTE. “We would like to thank our investors for their confidence in our competence, experience in identifying good projects and in making sustainable investments.”
FORTE is the third Fontavis Fund and the first one launched and marketed under its own brand, according to Fontavis.
It is also the first Fontavis fund that is directly investing outside Switzerland. It focuses on direct investments in renewable energy genera
