Climate Change Capital, an investment banking group based in London that invests in cleantech, says it has closed a fund worth 200 million euros ($273 million). The fund is backed by investors Alpinvest, Robeco, HSBC, USS, Alliance Trust, Bankinter, Woelbern Group and Harcourt.
The group, which invests in later-stage companies and targets investments ranging from €5 million to €20 million per portfolio company, says its new fund is one of the largest in Europe dedicated to cleantech. Climate Change Capital says it looks at clean power, clean transport, energy efficiency, waste recovery and water across region.
Investors are eagerly raising funds for cleantech, as investment in the sector surged 67 percent in 2006 over the previous year, according to New Energy Finance. Last week, a regulatory filing revealed that EnerTech Capital had raised $75 million of a $250 million planned third fund. In July, Technology Partners said it has formed ‘Fund VIII’ with $300 million for cleantech and life science investments.