SUSI Partners has achieved a final close of USD120 million for its Southeast Asia-focused energy transition fund (SAETF). The fund has attracted commitments from the Asian Infrastructure Investment Bank (AIIB), Dutch development bank FMO, as well as the Norfund and Swedfund development finance institutions (DFIs). Other commitments come from Austrian OeEB, British International Investment (BII) and the Belgian Investment Company for Developing Countries (BIO).
SAETF’s portfolio currently comprises four investments, including an energy efficiency-focused joint venture with Malaysia-based InvestEnergy, a utility-scale renewables development platform with Singapore-based Pacific Impact Development, and two investments focusing on distributed solar PV solutions for commercial and industrial (C&I) end clients with Singapore-based Entoria Energy and Asia Clean Capital Vietnam.