SUSI Partners Holds Final Close for Southeast Asia Energy Transition Fund

Switzerland-based infrastructure investment manager SUSI Partners (SUSI) has concluded fundraising for its SUSI Asia Energy Transition Fund (SAETF), collecting US$120 million to advance the energy transition in the emerging markets of Southeast Asia.

The fund invests in energy transition infrastructure across Southeast Asia and has to date made investments in utility-scale renewable energy generation, energy efficiency, and distributed solar PV solutions for commercial and industrial end clients.

SAETF’s investor base includes seven development finance institutions as well as selected private investors.

Since obtaining commitments from the Asian Infrastructure Investment Bank (AIIB), Dutch FMO, and Nordic DFIs Norfund and Swedfund at the first close, the Fund has added further commitments from Austrian OeEB, British International Investment (BII), and BIO, the Belgian Investment Company for Developing Countries.

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.

The prominence of development finance institutions in SAETF points to the pioneering role the fund assumes in directing international capital towards urgently needed clean energy transitions in Southeast Asia, a highly attractive market for public and private investors looking for investments with real impact.