Swiss Life Asset Managers has added a second renewable energy infrastructure fund.
The Fontavis ESG Renewable Infrastructure Fund II will invest in unlisted clean energy and infrastructure assets and companies. The fund will offer a globally diversified portfolio of direct infrastructure energy investments.
The new fund follows Swiss Life Asset Manager’s first dedicated international renewable energy fund, Fontavis ESG Renewable Infrastructure Fund Europe.
The newly launched fund complements the previous clean energy funds with a broader geographical scope.
Fontavis ESG Renewable Infrastructure Fund II will be classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR).
It is the fourth renewable energy fund in Swiss Life Asset Manager’s line-up and the second fund that invests globally.
Targeting investments in OECD countries, it aims to build a diversified portfolio with unlisted assets focused on energy generation from renewable sources such as wind, solar, hydro and biomass and storage and renewable fuels.
The fund has a target size of €750 million, with the first close targeted in the fourth quarter of 2022.
The fund will be advised by a dedicated renewables team that builds on strong and long-term partnerships with project developers, energy companies, investors, public authorities, and other stakeholders to provide robust opportunities for investing its clients’ capital.
Marc Schürch, head of renewable energy, said: “In line with our strategy, we want to apply our deep know-how of the energy sector and invest in all fields of the energy transition. As such, we contribute on behalf of our investors to make electricity generation, heat supply and mobility more sustainable.”
Christoph Gisler, head of infrastructure equity at Swiss Life Asset Managers, added: “We are proud of our strong track record and alignment of interest with our investors as we invest substantial amounts in the fund as well. The fund builds on the success of the predecessor fund while adapting to the ever-changing market environments.”
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