France’s Demeter Partners Closes Second Cleantech Fund

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note