European PE Firm Raises $153 Million For Second Cleantech Fund

Apr 22 2010 | 8:47am ET

European private equity firm WHEB Ventures has held the fourth closing of its second clean technology fund at $153 million (£100.3 million). 

WHEB Fund 2’s new commitments include one from HPE Environmental Innovation Fund, which is managed by Hermes GPE. Hermes was selected to be one of the fund of funds managers of the UK Innovation Investment Fund which was established in January this year to invest in low carbon and clean technology funds and to co-invest in companies.

Alongside Hermes, WHEB also counts the European Investment Fund among its institutional fund investors.

“We are delighted with the progress of our fund raising to date. WHEB is one of very few European VC firms to have raised capital during the last eighteen months, a very challenging period for fund raising,” said James McNaught-Davis, a managing partner at the firm. “We are particularly pleased to be the first cleantech fund to receive an allocation from Hermes GPE’s Environmental Innovation Fund. Their commitment to WHEB’s second cleantech fund is a testament to the quality of our team, the fund’s balanced investment strategy and the portfolio of investments built to date.”

WHEB’s Fund 2 has made five investments since its first closing in July 2008. These investments address markets in the energy efficiency, green industrial processes and waste management sectors.

The firm plans to hold a final close of the WHEB Ventures Private Equity Fund 2 at the end of May.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.