Pacific Corporate and Enste team up for cleantech fund

The team will set up a new private equity manager in Frankfurt, focussing on clean technology opportunities in renewable energy and related industries.

PCG and Enste plan to raise $600m in a conventional 10-year structure, aiming to deliver returns of 20% per annum.

The new management company will also set up a fund of funds and $125m buyout fund aimed at smaller technology companies.

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