Washington, DC – April 9, 2021 – Cooley advised Vision Ridge, an alternative asset manager focused on sustainable real assets, on the closing of its third sustainable asset fund at $1.25 billion. Initially targeted at $1 billion of commitments, Sustainable Asset Fund III drew interest beyond the $1.25 billion hard cap. Partners Aaron Velli and Luke Bagley led the Cooley team advising Vision Ridge.
The fund aims to make between 8-12 investments in industries undergoing a significant shift to sustainability, including energy, transportation and agriculture, with a core position size between $75 million and $175 million.
"The speed, size and high-quality LP base of our fundraise
speaks to increasing investor interest to align their portfolios
with the transition to a sustainable real economy," Reuben
Munger, Vision Ridge managing partner, said in a news release.
"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."
Located in Colorado and New York, Vision Ridge aims to deliver
superior financial returns and positive environmental impact
through investments in sustainable real assets. It manages
approximately $2.5 billion across its three funds and associated
co-investments.