PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Element Partners closes USD486m growth equity fund

Element Partners, a growth equity firm specialising in clean technology, has announced the final closing of Element Partners II.

Element Partners, a growth equity firm specialising in clean technology, has announced the final closing of Element Partners II.

Initially targeted at USD400m, the fund was oversubscribed, resulting in USD486m in committed capital. Greenhill served as financial adviser for the fundraising.

Element II will be invested in high-growth companies bringing cleantech solutions to a broad range of sectors, including energy, water, materials, and manufacturing. Investors include a diverse list of institutions including corporate, state and municipal pension funds, university endowments, private foundations, funds of funds and family offices.

"The successful fundraising further validates our history of providing investors with superior results, and the growing interest in cleantech," says Element managing partner David Lincoln. "We are extremely gratified by this vote of confidence and look forward to extending our leadership in the global cleantech arena."

The firm currently has 22 portfolio companies in industries ranging from alternative energy and water treatment, to biofuels and green building materials. The closing of the new fund brings Element Partners’ total assets under management to over USD800m over three funds.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured