SUSI Partners has held a first closing of the Energy Efficiency and Transition Credit Fund (SEETCF), its third credit fund, with €132 million in investor commitments. The fund, which will will be open to investors throughout 2023, has a €400 million target size.
SUSI’s credit platform has invested over €600 million into energy efficiency and broader energy transition solutions through its financing structures tailored to cater for energy-as-a-service business models.
SEETCF has received commitments from pension funds, insurance companies, and foundations based in the Nordics and the DACH region, with a high representation of LPs already invested in the predecessor fund, the SUSI Energy Efficiency Fund II.
SUSI says SEETCF will target sustainable energy transition investments that contribute towards climate change mitigation while supporting the long-term development of businesses through the buildout of sustainable infrastructure and the provision of secure, affordable and clean energy. The 15-year vehicle will focus on European countries while retaining the optional of deploying in other OECD markets.