SUSI Partners achieves EUR149m second close for SUSI Energy Efficiency Fund II

SUSI Partners has announced that its SUSI Energy Efficiency Fund II (SEEF II) has raised EUR148.6 million (US$167.71 million) in investor commitments as of 19 July 2019. The vehicle continues the SUSI energy efficiency platform following the SUSI Energy Efficiency Fund I (SEEF I), benefiting from the predecessor’s strong track record and extensive partnership network.

The Fund held its first closing in January 2019 at EUR45.4 million (US$52 million) shortly after full deployment of SEEF I. Building on this successful start, an additional EUR103.2 million (US$115 million) have now been raised for a second closing. The Fund aims to raise a minimum of EUR 300 million (US$336 million) and remains open to institutional investors at least until the end of 2019.

Since January 2019, SEEF II has made seven investments across seven European countries, including Light-as-a-Service (LaaS) projects in Germany, Poland, and Italy; energetic refurbishments of private apartments and public buildings in Italy and Slovenia, respectively; and street lighting retrofits in Spain. Furthermore, a close and growing cooperation with the leading lighting company Signify (formerly Philips Lighting), which implements LaaS projects across various countries in Europe, continues to provide attractive investment opportunities. Overall, the Fund has already deployed approximately EUR 30 million (US$33.6 million) to date. CO2 savings achieved through the number of its investments to approximately 140,000 tonnes.