Gresham House acquires Swiss energy transition firm
London-listed alternatives manager Gresham House has acquired SUSI Partners, a Zurich-based firm focused on energy transition infrastructure.
This will add £2.7bn to Gresham House’s assets under management (AUM), bringing its total to £10.2bn.
All SUSI employees will move to Gresham House and SUSI’s CEO Marco van Daele will head the Gresham House’s enlarged energy transition division on completion of the deal.
Ben Guest, managing director at Gresham House Asset Management and the lead fund manager of the Gresham House Energy Storage fund, will continue to lead the UK-based energy transition team.
SUSI’s portfolio management leads will continue to manage current and follow-on products within the division’s equity, credit and Asia strategies, with plans for a Southeast Asia strategy launch in 2026.
The teams will continue to focus on energy transition investment opportunities across renewable energy production, energy efficiency, energy storage, and the electrification of transport and heating, among other themes.
Tony Dalwood, CEO of Gresham House, said: “Global investment in energy transition reached a record $2.1trn last year and would need to rise to $5trn annually by 2035 to achieve net-zero emissions by 2050. The acquisition of SUSI Partners will strengthen our ability to meet this demand across equity and credit, combining market-leading expertise with deep local knowledge in Europe and Asia.
“Expanding our geographic reach will also give our growing international client base access to a wider range of strategies, co-investment opportunities and tailored solutions managed by proven teams. Together, we will be better placed to deliver financial returns by investing in the global themes shaping the future.”
van Daele added: “Joining forces with Gresham House is an exciting new chapter for SUSI Partners and allows us to take the next step in our mission to deliver attractive investment solutions generating impactful returns for our clients. The combination brings together two complementary platforms with shared values, deep sector expertise, and a strong commitment to long-term partnerships. I look forward to leading our expanded energy transition business and to continuing to serve our investors with focus and ambition.”
The deal remains subject to customary closing conditions including regulatory approvals and financial terms were not disclosed.
This article originally appeared in our sister publication, Portfolio Adviser