UBS Asset Management has completed a final close of its UBS Clean Energy Infrastructure Switzerland 2 (UBS-CEIS 2) with CHF 472 million ($481 million) in capital commitments.
The fund is a joint initiative between UBS-AM, independent Swiss investment manager Fontavis AG; and Swiss Mobiliar, which provides UBS-CEIS 2 with insurance-related advisory services.
UBS-CEIS 2 offers access to a diversified portfolio of infrastructure investments in growth areas of sustainable energy production, energy efficiency and supply infrastructure with a focus on Switzerland.
“Our second Clean Energy Infrastructure Switzerland fund has received strong support from both new and existing investors,” said Andreas Toscan, head of institutional client coverage Switzerland. “UBS-CEIS 2 is meeting a key need of institutional investors who want to invest in non-listed companies and projects. Such investments in infrastructure are of high economic importance, aim to meet the growing demand for sustainable investment, whilst generating long-term and regular cash flows for institutional investors.”
The fund received backing from more than 40 institutional investors — both new and existing — which consisted of a combination of private and public pension funds, as well as insurance companies.
“The success of the UBS-CEIS platform is testament to both the partnerships we have and UBS-AM’s capacity to generate attractive investment opportunities in infrastructure,” said Tommaso Albanese, head of infrastructure at UBS. “We have built a diverse and strong track record in the infrastructure market across regions, sectors and strategies, which we plan to grow further to meet client interest.”
The fund and its predecessor have raised a total of CHF 868 million ($885 million) in aggregate.