Vision Ridge Raises $2.4B for Latest Sustainable Asset Fund

Vision Ridge Partners has closed Sustainable Asset Fund IV (SAF IV) and related vehicles with approximately $2.4 billion in capital commitments, nearly doubling the size of its predecessor and marking the firm’s largest fundraise since inception. 

SAF IV focuses on investments across energy, transportation and agriculture, consistent with Vision Ridge’s mission of combating climate change while delivering competitive financial returns. 

The fund attracted support from a global base of institutional investors, including sovereign wealth funds, public pensions, endowments, foundations, family offices and consultants.  

“Completing our largest fundraise since Vision Ridge’s inception just over a decade ago – and doing so during a period of uncertainty in the energy transition sector – we believe underscores the confidence investors have in our differentiated platform and time-tested team,” said Reuben Munger, Founder, Managing Partner and CIO of Vision Ridge. 

The firm has already committed up to roughly 30% of the fund, including investments in GSSG Chikuden, a utility-scale battery storage developer in Japan; VEMO, a clean mobility platform in Mexico; and Pelican Energy TCI, the electric utility serving the Turks & Caicos Islands. 

SAF IV follows the $1.25 billion close of SAF III in April 2021 and the $700 million close of SAF Annex Fund in January 2023. Vision Ridge currently manages approximately $5.6 billion in assets.