SUSI credit fund secures €25m from European Investment Fund
SUSI Partners has received a €25m (£20.11m) commitment from the European Investment Fund (EIF) for its energy efficiency and transition credit fund.
The fund was launched in 2022 as the third iteration of SUSI’s credit series. Its investors include a number of European institutional asset owners such as pension funds, insurance companies, as well as other private and public investors.
“The EIF, with the backing of the InvestEU programme, is delighted to be able to contribute to [the fund], which carries out specialist financing to accelerate decarbonisation in all segments of the economy,” said the EIF’s chief executive Marjut Falkstedt.
Read more: EIF backs Polestar Capital’s sustainable tech fund
“This is closely aligned to the main priorities of both the EU and the EIB Group – namely, accelerating the energy transition in Europe by attracting more private investment into this field.”
The EIF has backed a number of private credit funds this year, as it seeks to support the growth of small to mid-cap enterprises across EU member states, while also focusing on European policy priorities like decarbonisation.
SUSI’s credit strategy was deemed to be in alignment with these objectives, due to its goal of financing energy efficiency and other energy transition solutions provided by small and mid-sized companies.
Read more: European Investment Fund backs two private credit funds
