Thursday, 24 July 2014
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…