Sustainable Asset Manager Vision Ridge Closes $1.25 Billion Fund

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.

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Related Contacts
Aaron Velli Partner Washington, DC
Luke Bagley Partner Boston
Paul Roberts Partner San Francisco
Katelyn Kimber Associate Washington, DC
Jacob Carvalho Associate Boston
Wyatt Christiansen Associate San Francisco
Joyce Wang Associate Shanghai
Cathy Rude Senior Paralegal
Noah Pittard Partner Colorado, Washington, DC
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Fund Formation Venture Capital Tax