London-headquartered Environmental Technologies Fund has completed a first closing on $100m on its second fund. LPs in the first close include the European Investment Fund, as well as European pension funds, financial institutions corporate investors and family offices, the firm said.
The firm which typically invests between $5m and $15m per transaction, targets investments in companies that have a positive environmental impact. The fund is seeking a portfolio of innovation-focused rapidly growing companies with the potential to become global.
Notable portfolio companies include black liquor gasification company Chemrec, wireless network waste management company Nujira, and metal folding company Industrial Origami.
The fund’s predecessor raised £110m having held a previous closing in November 2006 on €50m towards its original target of £100m.
The firm is headed by former GE Equity managing director Henrik Olsen.
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