Swiss Life Asset Managers has snapped up Fontavis, a sustainable investment manager based in Switzerland, for an undisclosed amount.
Set up in 2011, Fontavis develops investment solutions in different areas of clean and renewable energy.
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The firm manages three clean energy infrastructure funds with more than CHF1bn ($1.01bn) at the end of September 2019.
Public and private pension funds, collective foundations, insurers as well as banks, among others, form the client base of the company. It currently employs 13 professionals.
Fontavis will remain based at its headquarters in Baar, as a brand within Swiss Life Asset Managers. The staff and management of Fontavis will be retained.
Fontavis CEO Thomas Schmid will now report to Swiss Life Asset Managers third-party asset management CEO Michael Klose.
Commenting on the acquisition, Klose said: “The acquisition is another significant element contributing to our successful growth strategy in third-party asset management, and at the same time strengthens our position in the infrastructure market.
“Renewables and efficient use of energy offer especially attractive investment opportunities. Fontavis will help us with the continuing expansion of our product portfolio, giving institutional investors easy access to infrastructure investment solutions in the growth market of sustainable energy production, energy efficiency and energy infrastructure,” Klose added.
