Vision Ridge Partners, a sustainable real assets investor managing about $5.6 billion in assets, said it has closed Sustainable Asset Fund IV, raising roughly $2.4 billion in capital commitments across the fund and related vehicles. The firm said the raise represents its largest fundraise to date and nearly doubles the size of its predecessor vehicle, reflecting what it described as strong institutional demand for its strategy amid evolving energy transition policy and regulatory frameworks.
The firm said the fundraising drew support from both existing and new limited partners globally, including sovereign wealth funds, endowments, foundations, family offices, public pensions, and consultants. Vision Ridge said the fund will continue to target investments across energy, transportation, and agriculture, with an operations-driven approach that works closely with management teams to transform businesses and monetize assets.
Vision Ridge also highlighted momentum from 2025, including significant transaction activity and team expansion. The firm said it has already committed up to approximately 30% of Fund IV, citing recent 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. It also noted appointments, including PJ Jannuzzi as Head of Asset Management and Jeff Bishop as an Operating Partner, alongside AUM surpassing $5 billion.
Vision Ridge said the close of Fund IV follows the $1.25 billion close of Sustainable Asset Fund III in April 2021 and the $700 million close of the SAF Annex Fund in January 2023.
KEY QUOTES
“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. 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.”
Reuben Munger, Founder, Managing Partner, And Chief Investment Officer, Vision Ridge Partners
“Last year marked a strong period of growth and development for Vision Ridge. Looking ahead, we are excited to apply the same discipline that has defined our approach since day one as we continue to deploy SAF IV’s capital to targeted opportunities emblematic of our investment thesis. We are grateful for the trust and support of both new and longstanding investors and are energized by what lies ahead.”
Justin Goerke, Founding Partner And President, Vision Ridge Partners
