
Credit Agricole Private Equity raises cleantech fund
Credit Agricole Private Equity has raised €120m for its Capenergie II Renewable Energy Fund.
The fund is targeting €200m. It follows Capenergie I, which was launched in 2006 and has invested more than €80m in 16 businesses across France and Italy.
The fund used StormHarbour Securities as a placement agent.
Investments
The fund will provide support for SMEs in France in Europe, particularly those which are derived from existing portfolio companies of Credit Agricole Private Equity. The investments will be divided between growth capital and infrastructure.
So far, the fund has already commited €35m in 5 investments.
Investors
Current commitments came from French investors, but Credit Agricole is expecting to raise money from global institutional investors as the investor scope is being expanded, excluding the US.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater