Wheb Ventures, a European clean technology private equity firm, has held the final closing of its second clean technology fund, Wheb Ventures Private Equity Fund 2, at GBP105.4m (equivalent to EUR125m or USD154m).
The investors are a mix of institutions and family offices.
The institutional investors include the European Investment Fund, the Environmental Innovation Fund managed by Hermes GPE and a US fund of pension funds.
The family offices comprise a range of industrial and financial families including the Bamfords (who own JCB), the Goldsmiths, Lord Jacob Rothschild (chairman of RIT) and Simon Robertson (chairman of Rolls Royce).
James McNaught-Davis, Wheb’s managing partner, says: “We are very pleased to announce the final closing of our second cleantech private equity fund. Raising over GBP105m during the deepest recession since the 1930s is an achievement. Wheb Ventures is one of very few cleantech venture capital firms to have raised significant amounts of capital since September 2008.”
The fund has made six investments since its first closing in July 2008. These investments address markets in the energy efficiency, green industrial processes and waste management sectors.
