The Paris-based firm, which is a member of the BNP Paribas group, has made a commitment to FCPR Demeter 2, which held a final close in December having secured commitments totalling €203 million. The private equity fund primarily focuses on cleantech businesses at the expansion stage in France, Germany, Spain and the rest of Europe.
Cardif, which also committed capital to Demeter Partners’ previous fund, is joined as an investor in the latest private equity vehicle by fellow insurance companies Prédica and CNP Assurances, and by private equity fund of funds managers Dahlia Partners and CDC Entreprises, all of which also made commitments to LCF Edmond de Rothschild Private Equity’s 2009-vintage vehicle, Winch Capital II.
Alongside CDC Entreprises, IFP Investissement acts as a sponsor and investor in Demeter 2. As well as financial support, IFP Investissement contributes knowledge of the energy industry to the cleantech and energy private equity funds it commits to.
Other returning investors include insurance firms CNP Assurances and AG2R, as well as fund of funds manager Robeco Private Equity. The latest offering by Demeter Partners also attracted several new limited partners, including Crédit Coopératif, Total, GDF SUEZ and European Investment Fund.
For more information on institutional investors in private equity, please see Preqin’s Investor Intelligence database.