Swiss infrastructure manager SUSI Partners has raised just under half of its €300 million target for its second energy-efficiency fund, the company reported Tuesday.
In its second-close, the SUSI Energy Efficiency Fund II (SEEF II) reached €148.6 million ($166.6 million) in capital commitments. The fund has already made seven investments across seven European countries and has deployed approximately €30 million to date.
SEEF II follows the fund strategy of its predecessor and benefits from its extensive partnership network, according to the firm. SEEF II held a first close in January with €45.4 million in commitments, following the full deployment of SEEF I.
It is expected to continue its fundraising efforts at least until the end of 2019.
“We have a healthy pipeline of projects in place for the rest of the year and will continue to invest in energy efficiency measures across private and public infrastructure, benefiting the environment and broader society as well as our investors,” said Alexander Hunzinger, managing director responsible for SEEF II, in a statement.
SUSI Partners specializes in sustainable investments supporting energy transition, according to the firm’s website. It manages approximately €1 billion in commitments across five funds with a focus on clean energy generation, energy-efficiency improvements and energy storage.
