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Vision Ridge Raises $700 Million for Sustainable Investments

  • Firm closed similar fund at $1.25 billion in early 2021
  • US Inflation Reduction Act has drawn investor interest

Private equity firm Vision Ridge Partners, which backs sustainable assets like electric ferries and battery storage systems, has raised a new $700 million fund to bolster its current investments and potentially make new ones. 

The new raise follows a $1.25 billion fund that closed in early 2021 and backed companies that generate power, grow vegetables and build charging platforms for fleets of electric vehicles. Vision Ridge manages a total of $3.1 billion.