Vision Ridge Partners closes Sustainable Asset Fund III at US$1.25bn hard cap

Vision Ridge Partners, an alternative asset manager focused on sustainable real assets, has closed its US$1.25 billion Sustainable Asset Fund III (Fund III). The Fund held its final close just four-and-a-half months after commencing fundraising. Fund III initially targeted US$1bn of commitments and drew interest beyond the US$1.25bn hard caps.

Fund III had significant and upsized commitments from 80% of the participants in Vision Ridge’s previous funds. The Fund’s institutional investor base expanded with notable new LPs including leading consultants, endowments, foundations, family offices, and public pensions.

Fund III aims to make 8-12 investments with a core position size between US$75-US$175 million. As with its previous funds, Vision Ridge is targeting investments in industries undergoing a significant shift to sustainability including energy, transportation, and agriculture.