SUSI Partners AG has announced that it is aiming for a first closing for its second strategy that focusses on energy efficiency by the end of this year.

Following completion of 32 projects, the SUSI Energy Efficiency Fund (EUR) is almost fully deployed. The follow-up strategy will continue the investment strategy seamlessly and benefit from existing framework agreements with technology companies and energy service companies. An "investment grade" risk profile is targeted again for the project portfolio.

SUSI launched the first Energy Efficiency fund in 2014, an innovative and still unique business model that finances energy efficiency measures for existing infrastructure via an off-balance sheet contracting model. The follow-up strategy is based on this proven business model and benefits from the established structuring expertise and network of the team.

The target volume of the follow-up fund is EUR300-400 million (~US$340-450 million) with the investment focus remaining on the European Economic Area. An average investment grade risk profile is targeted for the portfolio; with returns from generally fully amortizing projects distributed evenly over the fund life.