The SUSI Energy Storage Fund (SESF) received capital commitments of €252 million (US$294,32 million) from institutional investors in Germany, the Netherlands, Austria, Sweden and Switzerland at the end of May 2018.
Infrastructure/PPP news in Switzerland
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed commitments from initial investors of more than EUR448.4 million (US$551.4 million).
BAM, PGGM and Marti Invest have secured the financial close on the refinancing of the Zeughausareal Burgdorf PPP project in Switzerland. The project includes a prison, a road inspection agency and a public administration centre.
Sunrise Communications Group AG has announced that it has entered into a definitive agreement with a consortium led by Cellnex Telecom S.A., and including Swiss Life Asset Managers (SLAM) and Deutsche Telekom Capital Partners (DTCP)
The SUSI Energy Storage Fund (SESF) has reached a first closing of €66 million (US$70 million).
Macquarie Group and Eiffage SA have announced they have acquired an stake in A41 motorway.
The SUSI Renewable Energy Fund II (SUSI RE II) has reached final closing at €380 million (US$425.5 million).
The European Investment Bank (EIB) has signed a subscription agreement with Sustainable Sàrl, a subsidiary of SUSI Partners AG, putting into effect the EIB’s investment commitment of up to €62 million (US$68.7 million) in the SUSI Renewable Energy Fund II(SUSI RE II). The Investment is guaranteed under the European Fund for Strategic Investments.
The Public-Private Partnership Association of Switzerland has recently announced that the Canton of Geneve will vote in a referendum on June 5, 2016 to approve the construction of the Traversée du Lac road project in Geneva, which will be implemented on a PPP mode, after they have confirmed its feasibility.
SUSI Renewable Energy Fund II (SUSI RE II), advised by SUSI Partners AG, has plans to achieve final closure by the end of Q2, 2016.
The Swiss city of Fribourg has recently published an open tender process seeking a private partner for the expansion of the primary school of Vignettaz through a public-private partnership (PPP) project. Vallat Partenaires SA is in charge of the advice for the procurement and management of the project.
According to sources, Switzerland-based alternative asset manager Partners Group will hold final close for its newest direct infrastructure fund later this year.
The European Investment Bank has in its pipeline the financing amount of €66 million for the SUSI Renewable Energy Fund II, which is a fund investing in renewable energy projects, mainly in Europe, promoted by SUSI Partners.
Quaero Capital an independent, specialist fund management firm has reached the first close of its European Infrastructure fund, with €50 million (US$53.8 million) of commitments.
The SUSI Renewable Energy Fund II has received commitments of €121 million (US$137.7 million), in line with the planned fundraising schedule.
Capital Dynamics, a global private asset manager, has achieved final closing of its Capital Dynamics Clean Energy and Infrastructure (CEI) LP fund.
Partners Group has appointed 22 senior managers to a new and diverse global leadership team (the Global Executive Board), charged with driving forward the global business and corporate development of the firm.
Online magazine Asia Asset Management has announced that Zurich Insurance, the Swiss life insurer, is preparing to make its first allocation to infrastructure debt moved by the low yields derived from fixed-income assets.
The asset management arm of Swiss bank UBS has recently made a filing with the US Securities and Exchange Commission showing that the bank has secured at least $379.9 million for UBS International Infrastructure Fund II.
Five of Switzerland's largest pension funds are supprting a new CHF300 million (€247 million) infrastructure fund, which is targeting to invest 30 % of its capital domestically. The name of the new fund is IST3 Infrastruktur Global. .