Wednesday, 7 October 2015
Last updated 12 hours ago
Dec 21 2009 | 11:40am ET
The French financial management firm Demeter Partners has closed the cleantech-focused Demeter 2 fund at EUR 203 million ($292 million).
Demeter 2, successor to the fully invested EUR 105 million ($151 million) Demeter fund, was launched on 18 November 2008 with a target of EUR 200 million ($288 million) and a first closing of EUR 125 million ($180 million).
Demeter 2 sponsors were CDC Entreprises and IFP Investissements. New investors included the European Investment Fund, Spanish fund of funds Neotec, Pictor, Total, Dalhia, GDF Suez, Actys 2, Crédit Coopératif and AXA.
A number of investors from the original Demeter fund also signed on for Demeter 2, including Cardif, Robeco, CM-CIC, CNP Assurances and Predica.
Demeter 2 will invest in French and European cleantech ventures, identifying high-potential niche markets and selecting companies well positioned in the value chain.
Founded in Paris in 2005, Demeter Partners has EUR 308 million ($444 million) under management and additional offices in Madrid and Berlin.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…