Swiss Life Asset Managers has launched its second dedicated international renewable energy fund, Fontavis ESG Renewable Infrastructure Fund II.
The successor to the first international fund, Fontavis ESG Renewable Infrastructure Fund Europe, it is targeting a fund raise of €750 mln with the first close in Q4 this year.
The fund invests in unlisted clean energy and infrastructure assets and companies. Its objective is to build a globally diversified portfolio of direct infrastructure energy investments.
Complementing the previous clean energy funds, the vehicle represents the firm's fourth renewable energy fund and the second fund which invests globally.
Christoph Gisler, head infrastructure equity at Swiss Life Asset Managers, said: '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 everchanging market environments.'
Targeting investments in OECD countries, the fund aims to build a diversified portfolio with unlisted assets focused on energy generation from renewable sources such as wind, solar, hydro and biomass, as well as storage and renewable fuels.
'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.' said Marc Schu¨rch, head renewable energy at Swiss Life Asset Managers.
Fontavis ESG Renewable Infrastructure Fund II will be classified as an Art. 8 fund under the Sustainable Finance Disclosure Regulation (SFDR).
Swiss Life Asset Managers is a member of GIIA (Global Infrastructure Investment Association), GRESB and is a signatory of the UNPRI.