Second renewable energy fund is introduced by Swiss Life Asset Managers

A second fund for the infrastructure of renewable energy has been added by Swiss Life Asset Managers.

In unlisted clean energy and infrastructure assets and businesses, the Fontavis ESG Renewable Infrastructure Fund II will make investments. The fund will provide direct energy infrastructure investments across a diverse global portfolio.

The new fund comes after Fontavis ESG Renewable Infrastructure Fund Europe, the first international fund solely focused on renewable energy from Swiss Life Asset Manager.

With a wider regional focus, the newly created fund complements the earlier renewable energy funds.

The Sustainable Finance Disclosure Regulation will classify Fontavis ESG Renewable Infrastructure Vehicle II as an Article 8 fund (SFDR).

It is the second worldwide fund and the fourth renewable energy vehicle offered by Swiss Life Asset Manager.

In order to create a diverse portfolio with unlisted assets focusing on energy generation from renewable sources such as wind, solar, hydro, and biomass as well as storage and renewable fuels, it targets investments in OECD nations.

The fund's initial closure is planned for the fourth quarter of 2022, with a target size of €750 million.

The fund will be guided by a committed renewables team that builds on solid and long-lasting relationships with project developers, energy firms, investors, public agencies, and other stakeholders to give good prospects for investing its customers' money.

"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," said Marc Schürch, head of renewable energy.

"As such, we contribute on behalf of our investors to make electricity generation, heat supply and mobility more sustainable."

Swiss Life Asset Managers' Christoph Gisler, head of infrastructure equities, continued, "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."

By fLEXI tEAM