EIF commits €20m to Aster Capital cleantech fund
The European Investment Fund has committed €20m to the French cleantech venture fund Aster II.
EIF is joining existing LPs Solvay, Alstom and Schneider Electric, which acquired M&C for around £90m from Lyceum Capital in May 2012.
After aiming to close on €150m in mid-October, Aster revised its fundraising target to €105m. The commitment from Brussels made the fund reach target.
Aster II is a dedicated early stage cleantech investment fund focused on investments in innovative energy technology and new materials. The fund is managed by Jean-Marc Bally, managing partner at Aster Capital.
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