Sustainable real assets investor Vision Ridge announced that it has raised $2.4 billion at the final close of its Sustainable Asset Fund, with the capital aimed at supporting climate solutions while delivering strong financial returns.
The total is nearly double the firm’s previous Sustainable Asset Fund III, which raised $1.25 billion in 2021.
Founded in 2008, Colorado-based Vision Ridge invests in companies and infrastructure supporting the transition to a low-carbon, more sustainable economy, with a focus on scalable platforms and real assets across the energy, transportation and agriculture sectors.
According to the company, 30% of the fund has been committed to date, with investments including a utility-scale battery storage developer in Japan, a clean mobility platform in Mexico, and an electric utility serving the Turks & Caicos Islands.
The financing included commitments from existing limited partners and new investors, including major sovereign wealth funds, endowments, foundations, family offices, public pensions and consultants.
Reuben Munger, Founder, Managing Partner, and Chief Investment Officer of Vision Ridge said:
“We think the scale of SAF IV, coupled with our active, operations-driven approach to transforming complex assets, positions us to meaningfully improve climate change adaption, catalyze additional industry impact, and drive strong returns for our investors for years to come.”
