SUSI Partners has completed the final closing for the SUSI Asia Energy Transition Fund (SAETF), raising $120 million of total fund commitments.
SAETF’s investor base includes seven development finance institutions, as well as selected private investors. In its first closing, the fund secured commitments from the Asian Infrastructure Investment Bank (AIIB), Dutch FMO and Nordic DFIs Norfund and Swedfund. Now, SAETF has added further commitments from Austrian OeEB, British International Investment (BII) and BIO, the Belgian Investment Company for Developing Countries.
SAETF invests in energy-transition infrastructure across Southeast Asia. To date, the fund has made four investments, including an energy efficiency–focused joint venture with Malaysian company InvestEnergy; a development platform for utility-scale renewable energy assets with Pacific Impact Devel