Investments into clean technology have grown considerably over the past 10 years as awareness of the adverse effects of global warming and climate change increases. Emerging markets such as China and India have become significant centres of activity for the clean technology private equity industry as many US- and UK-domiciled fund managers focus their funds on these regions.
Using Preqin’s Fund Manger Profiles product, we have compiled a list of the top 10 firms, by capital raised by clean technology funds over the past 10 years.
The leading fund manager, in terms of clean technology funds, is Blackstone Group, having raised $46bn in aggregate capital over the past decade. The firm’s latest fund, Blackstone Cleantech Venture Partner’s fund, is a late-stage opportunities fund, focused on mature and growing ‘green’ technology companies globally.
Connecticut-based First Reserve Corporation are the second-largest firm, with $20bn in aggregate capital raised; followed closely behind by London-based 3i with $12bn. TCW Group, New Enterprise Associates, HgCapital, American Securities Capital Partners, Denham Capital Management, Kleiner Perkins Caufield & Byers, Matrix Partners, and VantagePoint Venture Partners complete the list and have all raised between $3-10bn.
In the US, the clean technology industry is largely based in Silicon Valley. Silicon Valley-based VantagePoint Venture Partners is one the largest firms based in the region and invests $15mn to $50mn per company. It completed the fundraising for its latest clean technology fund, VantagePoint Cleantech Partners II, in Q4 2008, closing over its target of $400mn, closing on $435mn.
For a comprehensive, detailed source of information on private equity fund managers across all fund types, regions, and fund sizes, please see our Fund Manager Profiles product.