Vision Ridge Partners, an alternative asset manager focused on sustainable real assets, has closed its USD1.25 billion Sustainable Asset Fund III (Fund III). The Fund held its final close just four-and-a-half months after commencing fundraising. Fund III initially targeted USD1 billion of commitments and drew interest beyond the USD1.25 billion hard cap
“The speed, size and high-quality LP base of our fundraise speaks to increasing investor interest in aligning their portfolios with the transition to a sustainable real economy,” says Reuben Munger, Vision Ridge’s managing partner. “Sustainable investing is no longer a niche strategy that investors want to add to their portfolio because of its ethical benefits or as a diversification strategy. The shift around the globe to sustainability is inevitable and we believe the economics of the underlying investments work. These investments can provide the types of returns investors previously sought through more traditional private market asset classes.”
The Fund’s institutional investor base expanded with notable new LPs including leading consultants, endowments, foundations, family offices and public pensions.
Source: Private Equity Wire
