UBS Clean Energy Infrastructure Switzerland – the first investment solution for renewable energies and energy infrastructure in Switzerland successfully increases capital commitments to CHF 350 million
With total commitments of CHF 350 million, the successful second closing of UBS Clean Energy Infrastructure Switzerland demonstrates that institutional investors' interest in real assets continues to grow. UBS was the first provider in Switzerland to launch such a ground-breaking investment solution for renewable energies and energy infrastructure. In doing so, UBS is building bridges between institutional investors and the energy sector in Switzerland.
Broad interest and attractive subscription volume
Earlier this year, UBS successfully launched its first Swiss domiciled Limited Partnership jointly with Fontavis AG, as investment adviser and Schweizerische Mobiliar, a Swiss insurer as anchor investor, with capital commitments of CHF 250 million. Additional investors now committed to another CHF 100 million in the second closing round which ended November 15. Capital commitments available for investments now amount to CHF 350 million. The partnership gathers 30 investors, all of them Swiss pension funds and insurers, who have committed to this investment solution. "This excellent result reflects the continued interest in real assets and the demand for Swiss energy infrastructure in particular," says Stefano Tritella, CEO of UBS Clean Energy Infrastructure Switzerland AG. The fund expects to conduct a further closing later in 2014.
Opportunity for institutional investors and the energy industry in Switzerland
The energy transition will result in an increased need for investment in the coming years. UBS Clean Energy Infrastructure Switzerland offers to institutional investors a convenient access to the Swiss energy infrastructure sector. Pension funds and insurers can invest for the long term in non-listed companies and energy supply projects (such as biomass, hydropower, solar heat and solar power), energy efficiency and supply infrastructure using UBS’s investment solution. At the same time, the energy industry benefits from this alternative capital equity source. Together with the energy companies and project developers, the fund has already made investments in production plants and grids and thereby established itself as a reliable investment partner.
Further information is available at: www.ubs.com/ceis
Brief information on the partners involved
UBS AG has managed private, institutional and corporate clients around the world as well as retail clients in Switzerland for 150 years. Its business strategy focuses on its strong position as a global wealth manager as well as universal bank in Switzerland. Based on its client-focused investment bank and its solid, well-diversified global asset management, it will expand its excellent market position in wealth management and drive growth across the Group. UBS has branches in more than 50 countries and in all key financial centers in the world. UBS employs approximately 60,000 people around the world.
UBS Clean Energy Infrastructure Switzerland AG is a company limited by shares based in Basel. As a general partner, the company is the sole member of UBS Clean Energy Infrastructure Switzerland with unlimited liability. UBS Clean Energy Infrastructure Switzerland is a limited partnership for collective capital investments. Its purpose is to structure, establish, manage and advise companies and collective capital investments, in particular in the area of renewable energies, energy efficiency and energy infrastructure as well as related areas. www.ubs.com/ceis
Fontavis AG is an independent investment advisor and asset manager based in Baar, which specializes in capital investments in clean energy and infrastructure in Switzerland. Fontavis AG is the investment advisor of UBS Clean Energy Infrastructure Switzerland and therefore responsible for finding, verifying and managing the investments. Investments are made in non-listed companies and plants that produce renewable energy, improve energy efficiency or provide energy infrastructure. Fontavis provides Swiss companies with capital support and as well as expertise and commitment in their commercial development. The founding partners of Fontavis have more than 60 years of combined experience in renewable energy, asset management and finance and have been involved in the implementation of more than 400 projects with a total transaction volume of more than CHF 2 billion. Interested energy supply companies and project owners can get in touch at www.fontavis.ch.
Schweizerische Mobiliar is an all-sector insurer with a premium volume of CHF 3.3 billion. Its eighty general agencies and own claims service guarantee proximity to the company’s 1.6 million clients. Schweizerische Mobiliar Versicherungsgesellschaft AG is domiciled in Berne and Schweizerische Mobiliar Lebensversicherungs-Gesellschaft AG in Nyon. The group also includes Schweizerische Mobiliar Asset Management AG, Protekta Rechtsschutz-Versicherung AG, Protekta Risiko-Beratungs-AG, Mobi24 Call-Service-Center AG and XpertCenter AG, all based in Berne. Mobiliar employs 4,300 people and trains more than 300 apprentices in its home markets of Switzerland and the Principality of Liechtenstein. It is the oldest private insurance company in the country and has been a registered cooperative since its establishment in 1826. www.mobi.ch