SUSI Partners has concluded fundraising for its SUSI Asia Energy Transition Fund, collecting $120m to advance the energy transition in emerging markets of Southeast Asia.
The fund received capital commitments from seven development finance institutions as well as private investors.
Since obtaining commitments from the Asian Infrastructure Investment Bank (AIIB), Dutch FMO, and Nordic DFIs Norfund and Swedfund at first close, the Fund added further commitments from Austrian OeEB, British International Investment (BII), and BIO, the Belgian Investment Company for Developing Countries.
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SAETF’s portfolio currently comprises four investments, including an energy efficiency-focused joint venture with Malaysian company InvestEnergy, a development platform for utility-scale renewable energy assets with Singapore-based Pacific Impact Development, and two investments focusing on distributed solar PV solutions for commercial and industrial end clients with Singapore-based Entoria Energy and Asia Clean Capital Vietnam, respectively.
SUSI’s dedicated regional team plans to continue deploying SAETF’s capital through the existing platforms while adding further investments to the portfolio in line with the Fund’s holistic energy transition mandate.
Source: SUSI Partners
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