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funds

BMZ makes €8m commitment to the Green for Growth Fund, Southeast Europe

2 September 2010

The German Federal Ministry for Economic Cooperation and Development has made an €8m commitment to the first-loss tranche of the Green for Growth Fund, Southeast Europe, initiated by the European Investment Bank and KfW.

Asset manager Galtere launches $1bn agribusiness fund

2 September 2010

US-registered investment manager Galtere has launched the Galtere Global Agribusiness Fund targeting $1bn in private equity capital to invest in agribusiness food and fuel opportunities in Australia, Brazil and Uruguay.

Multilateral Carbon Credit Fund signs first projects in Baltics

1 September 2010

In its first transaction in Baltics, the Multilateral Carbon Credit Fund managed by the European Bank for Reconstruction and Development (EBRD) and European Investment Bank, has agreed to buy carbon credits from a group of wind farms operated by OÜ Nelja Energia.

Aqua Resources Fund ends H1 2010 on share price low, recent recovery

31 August 2010

Aqua Resources Fund, the closed-ended investment scheme managed by FourWinds Capital, said it will deploy its remaining capital into bolt-on investment opportunities to strengthen its existing portfolio, after its share price at the close of the first half of the year was at its lowest level since the fund’s inception.

The Founders Club completes angel investment round

26 August 2010

The Founders Club, a technology-focused venture capital equity exchange fund, has completed what it describes as a significant angel investment round to cover the costs of operating the club, with personal investments from high-profile investors.

SWAIN launches UK cleantech co-investment fund

20 August 2010

Next month will see the launch of the South West Cleantech Co-investment Fund, which will provide a co-investment of between £50,000 and £100,000 to cleantech businesses based in the UK’s south-west region.

Energy Capital Partners hits $4.34bn hard cap for renewable-focused fund

17 August 2010

Energy Capital Partners has raised $4.34bn for its second private equity fund, which will target investment in renewable power, electricity transmission and fossil fuels, beating its $3.5bn target and reaching the hard cap set by the firm on the vehicle’s launch.

UK Community and Renewable Energy fund closes due to excessive demand

16 August 2010

Scotland’s Community and Renewable Energy Scheme (CARES) has now closed to new applicants due to unprecedented demand, Energy Minister Jim Mather confirmed today.

Asian Development Bank’s $1bn cleantech fund in ‘preliminary stages’

16 August 2010

The Asian Development Bank told NewNet that plans to launch a $1bn clean energy fund to invest in projects across Asia are in the preliminary stages.

Western Technology Investment’s cleantech fund exceeds expectations, raises $294m

16 August 2010

Western Technology Investment’s (WTI) cleantech, healthcare and technology fund raised $294m from existing and new private equity investors in an oversubscribed round.

Asian Development Bank to launch $1bn renewable energy fund

13 August 2010

The Asian Development Bank will launch a $1bn clean energy fund to invest in projects across Asia, according to reports.

New York Pacific Capital launches Beijing-based cleantech fund

11 August 2010

New York Pacific Capital has signed a cooperation agreement with the Beijing Municipal Bureau of Finance to establish a private equity fund in Beijing that will target the clean technology sector, in addition to health, education and consumer products sectors.

Ludgate Environmental Fund expects to raise £9.8m in AIM listing

2 August 2010

Ludgate Environmental Fund will look to raise about £9.8m in an offering of more than ten million shares priced at 97.15 pence each.

Global X Funds launches first lithium exchange-traded fund

23 July 2010

US-based Global X Funds has launched the world’s first lithium exchange-traded fund, which it said is the first to offer investors targeted access to a resource industry critical for the development of renewable energy.

South West Investment Group and partners launch South West Cleantech Co-investment Fund

22 July 2010

The South West Investment Group in the UK has launched a new investment fund for low carbon businesses, the South West Cleantech Co-investment Fund, which received £2.5m in initial capital from the South West Regional Development Agency.

New Earth’s recycling fund generates more than 20 per cent returns since launch

21 July 2010

Waste treatment and renewable energy business New Earth Solutions Group said its investment fund has delivered a return of 23.5 per cent since it was launched two years ago.

Draper Fisher Jurvetson raises $350m for tenth technology fund

20 July 2010

Draper Fisher Jurvetson, one of the oldest Silicon Valley venture investors, has raised $350m for its latest fund, which will target the cleantech, science and IT sectors.

RE-Invest Partners launches £35m RE-Forest Fund, first UK forestry exempt unit trust

19 July 2010

RE-Invest Partners has collaborated with onshore investment scheme provider Consortium IM to launch its debut exempt unit trust, the RE-Forest Fund, targeting £35m.

Founder of renewable energy-focused asset management group I2BF, Ilya Golubovich, assumes co-founders’ stakes

13 July 2010

The hedge fund management team of international renewable energy-focused asset management group I2BF, which has over $100m worth of assets under management, has been taken over by Ilya Golubovich, I2BF founding partner and the firm’s quantitative research team, led by Denis Chigirev.

South Korea to establish $1.25bn environmental fund

13 July 2010

South Korea plans to spend 1.5tn won ($1.25bn) on an environmental fund to assist renewable energy companies particularly in the emissions reduction and energy efficiency sectors, according to a report in the Financial Times.

Ludgate Environmental Fund seeks £15m from AIM share placing

13 July 2010

Jersey-domiciled closed-ended investment company Ludgate Environmental Fund intends to raise up to around £15m through a conditional placing of shares, taking authority to issue up to 25 million new shares on a non-pre-emptive basis, it has said.

US venture capital firm Venrock closes $350m energy and technology

12 July 2010

Venrock, a venture capital firm originally established as the venture arm of the US industrial, banking and political Rockefeller family, has closed the $350m Venrock VI diversified venture capital fund, which focuses on early-stage energy, technology and healthcare investments.

PowerFin Partners targets over $100m solar projects

9 July 2010

US manager of institutional funds for renewable energy assets PowerFin Partners said it has the capacity to fund over $100m worth of commercial and utility-scale solar projects in the US and Canada.

Energy hedge funds take hit after BP oil spill

8 July 2010

Energy-focused hedge fund markets experienced losses in the first half of this year in parallel with the Gulf of Mexico BP oil spill, according to a report in the Financial Times.

Downing Corporate Finance, Low Carbon Investors launch first renewable FIT fund

8 July 2010

Downing Corporate Finance has launched a new specialised fund to enable UK taxpayers make lower risk investments in companies that operate feed in tariff (FIT)-eligible wind and solar projects.

Alternative investment manager FourWinds takes over Tellus Liquid Commodities Fund

8 July 2010

The US arm of FourWinds Capital Management, an alternative investment manager specialising in commodities and natural resources, has taken over the management of Tellus Liquid Commodities Fund from Cole Partners Asset Management (CPAM).

Skandia Investment Group relaunches ethical fund with environmental focus

5 July 2010

Skandia Investment Group has relaunched the Skandia Ethical Fund to enable investors to focus specifically on the environmental sector by awarding a £74m mandate to specialist environmental investment manager Impax Asset Management.

IFC commits up to €25m in Green for Growth Fund

30 June 2010

IFC, a member of the World Bank Group, has agreed to invest up to €25m in the Green for Growth Fund Southeast Europe in an attempt to stimulate financing of sustainable energy projects within the region.

HgCapital approaches EIB for commitment to new renewables fund

23 June 2010

UK private equity firm HgCapital is in talks with the European Investment Bank over a possible €50m commitment to a new €500m fund it is raising for the renewable energy space.

Investment manager Downing set to launch low carbon fund

22 June 2010

UK-based fund manager Downing is gearing up to launch its first low carbon Enterprise Investment Scheme fund, its investment manager told NewNet.

PG&E subsidiary and US solar financier SunRun create $100m home solar finance fund

21 June 2010

US home solar financing company SunRun and Pacific Energy Capital II, a non-utility subsidiary of energy company PG&E, have committed to a $100m tax equity project financing agreement to fund SunRun’s deployment of more than 3,500 new home solar installations across the nation.

European investors look to create Mediterranean Carbon Fund

18 June 2010

A group of European investment companies have joined forces to study and promote the creation of a Mediterranean Carbon Fund (MCF) to provide low-carbon expertise on a country-level basis and financing to low-carbon projects developed in southern and eastern Mediterranean.

Origo raises £20m with new share issue

11 June 2010

Origo Partners, a private equity fund listed on the London Stock Exchange’s AIM bourse, is planning a new share placement to drum up a further £20m (€24.2m) for investments in a number of “well-advanced” opportunities in China’s cleantech and agriculture sectors.

Robeco-SAM third generation cleantech fund raises $200m

10 June 2010

Dutch asset manager Robeco and its subsidiary SAM, an investor focused exclusively on sustainability investing, have completed the first close of its third generation Clean Tech Private Equity Fund at $200m.

Kernel Capital invests €750,000 in biotech company BioAtlantis

10 June 2010

Kernel Capital announced that the Bank of Ireland’s Kernel Capital Fund has made a €750,000 investment in BioAtlantis, a domestic biotechnology company.

WHEB Ventures’ second cleantech fund raises £105.4m

8 June 2010

European clean technology private equity firm WHEB Ventures has announced the final closing of its second clean technology fund, WHEB Ventures Private Equity Fund 2, at £105.4m.

South Africa’s first cleantech fund Evolution One reaches final close at $94m

7 June 2010

South Africa’s first private equity clean technology fund, Evolution One, has reached its final close at ZAR700m ($94m) in capital from local and foreign investors, including supranational and sovereign wealth funds.

Investment manager Alquity launches first in range of Africa funds

10 May 2010

Investment manager Alquity has launched its first in a range of funds that aim to generate attractive returns through sustainable and responsible investments in Africa.

European development finance institutions to establish climate change fund

6 May 2010

A joint climate change fund is to be established by Agence Française de Développement, the European Investment Bank and European Development Finance Institutions.

Earth Capital Partners launches Latin American forestry fund

5 May 2010

Investment management firm Earth Capital Partners (ECP) has launched the ECP Forestry Fund One, which will target up to $300m of investment in timber plantations and related assets in Brazil and throughout Latin America.

Rabobank to raise up to €1.5bn for solar and wind project finance fund

26 April 2010

Netherlands-based financial institution Rabobank said it will raise up to €1.5bn from institutions for a senior debt fund that will be focused on wind and solar energy projects.

New solar-focused fund management company SolarField launches in the UK

26 April 2010

SolarField Investment Management has been launched in the UK to provide access to long-term yields available on investment in UK government incentivised electricity generating solar photovoltaic installations across the EU.

Origo signs MoU with Xinxiang government for clean technology PE fund

23 April 2010

Origo Partners, an AIM-listed private equity firm focused on China-linked core economic growth opportunities, has signed a memorandum of understanding with Chinese authorities for the formation of a yuan-denominated fund that will invest in the clean technology sector.

Phaunos Timber Fund’s net asset value rises on back of Brazilian and African assets

23 April 2010

FourWinds Capital Management’s closed-ended investment company Phaunos Timber Fund’s total net asset value at the end of fiscal 2009 increased to $575m compared to $495m at the end of fiscal 2008. The company’s net asset value increased to $1.07 per ordinary share at the end of fiscal 2009, compared with $0.99 per ordinary share at the end of fiscal 2008.

Asia-based CLSA Capital Partners expects final close of clean technology fund in fourth quarter

22 April 2010

CLSA Capital Partners, the alternative asset management arm of Asian brokerage and investment group CLSA Asia-Pacific Markets, told NewNet it is expected to hold a final closing of its Clean Resources Asia Growth Fund by the fourth quarter of 2010.

European investment firm WHEB Ventures raises £100m for second clean technology fund

22 April 2010

European clean technology private equity firm WHEB Ventures has announced the fourth closing of its second clean technology fund on £100.3m and anticipates its final close to before the end of May, its managing partner told NewNet.

Asset manager I2BF launches second clean technology venture fund

13 April 2010

Moscow and London-based asset management group I2BF has launched its second clean technology-focused venture capital fund and will look to raise $100m to invest in the sector.

Impax Asset Management launches Asia-focused environmental fund

12 April 2010

Environmental investment company Impax Asset Management Group has launched the Impax Asian Environmental Markets (Ireland) Fund, an open-ended version of its existing Asia-focused investment trust.

UK to launch £2bn green investment fund

22 March 2010

A £2bn green technology fund will be set up by the UK and funding jointly by government assets and the private sector, according to reports.

Clean energy investor Emerald Technology Ventures to launch third fund, reports say

19 March 2010

Clean energy venture capital fund Emerald Technology Ventures expects to hold its first close for a €150m fund midway through the year, according to reports.

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