Ecosystem Integrity Fund II has yet to register its first commitment, according to a document filed with the US Securities and Exchange Commission.
Ecosystem is raising the fund without a placement agent and has not set a minimum commitment requirement for outside investors.
The new vehicle is more than double the size of Ecosystem’s $20m debut fund, which was affiliated with the Aquillian investment firm.
San Francisco-based EIF is focused on investing in companies and projects that reduce or ameliorate key threats to ecosystem integrity including land fragmentation, depletion of productive capacity and air and water contamination.
Ecosystem invests in niches within the cleantech sector that “have not received the investor attention they deserve”, which it said results in better investment opportunities and greater impact with less capital.
Other cleantech-focused funds currently in the market include a $100m vehicle recently launched by Joule Assets.
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