SUSI Partners has raised $139 million of additional investor capital for its Southeast Asian strategy, more than doubling the size from $120 million to $259 million.
The capital raise was mainly driven by sizable commitments from British International Investment, the United Kingdom’s development finance institution and impact investor, and FMO, the Dutch entrepreneurial development bank. SUSI secured $70 million BII and $50 million from FMO through co-investment commitments to Sustainable Asia Renewable Assets (SARA), a newly established utility-scale, renewable-energy platform, and top-up commitments to the SUSI Asia Energy Transition Fund (SAETF).
SUSI closed SAETF in 2023 at $120 million, but the fund was reopened in 2024 based on strong deal flow and demand from investors. The fund’s current portfolio focuses on utility-scale, renewable-energy projects, as well as distributed generation and energy-efficiency projects with commercial and industrial customers acr