Monday, 30 November 2015
Last updated 2 days ago
Dec 7 2009 | 9:29am ET
Swiss investment group Mountain Cleantech plans to launch its second fund focusing on the cleantech sector in German-speaking countries.
With a target of EUR 100 million ($149 million), the fund will focus on late-stage investments and be structure as a Luxembourg-based SICAV (an open-ended investment fund common in Western Europe). Mountain Cleantech expects its first closing in Q3 2010.
Mountain managing director Jürgen Habichler told a meeting of investors in London in early November that the German cleantech sector holds “fantastic investment potential.” Germany leads world trade in environmental protection products and dominates several cleantech industries, he said, but attracts much less venture capital than the UK.
Habichler said Mountain’s focus on late-stage investments would mean relatively low technology risk, higher rates of return and short exit timetables.
Mountain’s first cleantech investment fund – Cleantech Invest AG – was launched in 2007 and currently boasts a portfolio of six companies with aggregate revenues of more than EUR 320 million ($475 million).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…