Emertec raises E11.5m for its 3E fund

Emertec has raised E11.5m from four institutional investors for its 3E fund, a vehicle that will invest specifically in energy and environmentally focused organisations. The fund received commitments from CDC PME, Natexis Private Equity, the CEA and the IFP with each group committing respective sums of E5m, E3m, E2.5m and E1m. Investments will be made in companies operating in the environmental energy sector with commitments being in the region of E50,000 and E1.6m.

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