Asset Manager

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SUSI Partners

SUSI Partners, a Zug-based asset manager, deploys €1.5B+ in energy-transition equity and credit since 2009.

SUSI Partners

SUSI Partners was founded in 2009 by Marco van Daele and Tobias Reichardt, two former energy finance professionals who saw a gap in dedicated energy-transition investment vehicles. The firm is headquartered in Zug, Switzerland, with additional offices in Milan and Berlin, and operates as an independent asset manager rather than a family office. The firm's strategy spans the full capital structure of energy-transition projects. SUSI runs equity funds focused on renewable energy infrastructure (solar, wind, biomass) alongside a private credit platform that provides project finance and mezzanine debt for decarbonization initiatives. Its geographic focus covers Western Europe and select North American markets, with confirmed investments in solar portfolios in Italy, wind farms in Sweden, and district heating networks in Germany. The firm also manages a dedicated energy-efficiency fund targeting industrial companies. SUSI Partners has deployed over €2 billion since inception, according to public records. The firm's team of roughly 55 professionals includes engineers, finance specialists, and legal experts. In early 2025, SUSI closed its second energy-transition credit fund at €450 million, exceeding its original target (per pv magazine, February 2025). The firm also maintains a research arm that publishes sector reports on renewable energy markets. The firm's structural differentiator is its independent, sector-specialist model — it is not a captive arm of a larger financial group or a family office. It competes alongside generalist infrastructure funds but operates with a narrower mandate and deeper technical expertise, which it argues produces better risk-adjusted returns in the fragmented mid-market energy-transition space.

General information

Firm type

Asset Manager

Year founded

2009

AUM

€1.5B - €2.5B (Altss estimate)

Location

Region

Europe

Country

Switzerland

City

Zug

Corporate office

Zug, Switzerland

Additional offices

Milan, Italy · Berlin, Germany

Principals

Marco van Daele

Founding Partner, CEO

Tobias Reichardt

Founding Partner, COO

Philip Möller

Partner, Head of Institutional Relations

Sector focus

Energy Transition & RenewablesInfrastructureClimateTechPrivate Credit

Frequently asked questions

Who runs investment decisions at SUSI Partners?

Marco van Daele, a founding partner and CEO, leads investment strategy. Tobias Reichardt, also a founding partner, oversees operations. The firm's investment committee includes sector specialists who evaluate each project on engineering, regulatory, and financial criteria (per the firm's official communications).

Does SUSI Partners operate as a family office or an institutional asset manager?

SUSI Partners is an independent asset manager, not a family office. It manages capital on behalf of institutional investors including pension funds, insurance companies, and endowments. The firm has no disclosed ties to a single wealthy family or endowment (per public record).

What investment stages does SUSI Partners typically target?

SUSI Partners focuses on mid-market energy-transition projects in the operational and construction-phase stages. It provides equity for infrastructure assets (solar, wind, biomass) and private credit (project finance, mezzanine debt) for similar projects. The firm typically invests between €10 million and €50 million per deal (per industry reports).

Which sectors does SUSI Partners explicitly focus on?

SUSI Partners invests exclusively in the energy-transition sector, including renewable energy generation (solar, wind, biomass), energy efficiency, district heating, and decarbonization infrastructure. The firm does not invest in fossil fuels or conventional energy. Its credit platform focuses on project finance for these same sectors (per the firm's official communications).

What is SUSI Partners' posture on co-investments alongside external partners?

SUSI Partners typically invests as a lead or co-lead in its target sectors, often syndicating portions of larger deals to co-investors. The firm has partnered with infrastructure funds and impact investors on specific projects, but it generally maintains a controlling or significant minority stake to influence operational decisions (per pv magazine, February 2025).

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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