Braemar Energy Ventures closes third fund at $300m

The fund raised $50m more than Braemer's Energy Ventures Fund II, which closed on $250m.

Investors
The fund attracted commitments from new and existing investors from the US, Europe and Asia. Existing investors were MassMutual, Alplnvest, Morgan Stanley AIP, Macquarie and GIC Special Investments. They were joined by Munich Re, HarbourVest, the State of Rhode Island, Rothschild Investment Trust and Invesco, which were all first time investors with Braemar. The fund also received commitments from corporates.

Investments
The fund is looking to back early-stage and expansion deals in North American and European energy technology companies. It is considering both alternative and conventional energy products.

People
Neil Suslak and William Lese, co-founders and managing partners at Braemar, led the fundraising with Dennis Costello, also managing partner at the firm. 

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