Vision Ridge Partners announced it has closed Sustainable Asset Fund IV, or SAF IV, raising about $2.4 billion in capital commitments across the fund and related vehicles, marking the firm’s largest fundraise since inception. The Boulder, Colorado-based sustainable real assets investor said SAF IV was backed by both existing limited partners and new investor relationships globally, including sovereign wealth funds, endowments, foundations, family offices, public pensions, and consultants.
The firm said SAF IV is nearly double the size of its predecessor vehicle and reflects institutional demand for its strategy amid shifting energy transition policy frameworks and regulatory considerations. Vision Ridge said the fund will target investments across energy, transportation, and agriculture, and will work closely with management teams to transform businesses and monetize assets.
Vision Ridge said it has committed up to roughly 30% of SAF IV to date, 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 and Caicos Islands. The firm also pointed to team expansion in 2025, including the appointments of PJ Jannuzzi as Head of Asset Management and Jeff Bishop as Operating Partner, and said its assets under management exceeded $5 billion.
Vision Ridge said 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. The firm said it manages about $5.6 billion on behalf of institutional investors globally.
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
