Report: 380 Private Equity Firms Focus On Cleantech

The cleantech private equity market has grown substantially in recent years and there are currently over 380 active firms, which are focusing on the sector, according to a new report.

Dublin-based Research and Markets, an international research and data firm, says that there are currently 78 private equity funds focusing exclusively on cleantech investments currently seeking investors.

“It is likely that we will see a record number of funds commencing investment in the cleantech sector during 2009,” according to the report.

Forty five percent of private equity fund managers that invest in the cleantech sector are based in North America, with 36% based in Europe and 19%  in Asia and the rest of the world, according to the report.

So who is investing in cleantech private equity funds? The report found that funds of funds accounted for 19% of investors that have previously invested in cleantech funds, while public pension funds made up 15% of the sector’s investor base.

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