SER Capital Partners (SER), a private investment firm dedicated to sustainability, has held the final closing of its SER Capital Partners I, LP and affiliated vehicles with $475 million in capital commitments.

The fundraise exceeded SER’s stated target with the support of aligned and well-capitalised limited partners that include a diverse group of leading endowments, state pensions, insurers, health systems and family offices.

SER has already directly originated investments in four portfolio companies. These businesses collectively implement and manage battery storage, EV charging infrastructure, energy efficiency and solar assets.

Read more: Private Equity Wire