Element Partners, a private equity firm focused on clean technology investments, today announced the final closing of Element Partners II LP (Element II). This fund was initially targeted at $400 million, but was oversubscribed and yielded $486 million in committed capital. Investors include corporate, state and municipal pension funds, university endowments, private foundations, funds of funds, and family offices.
"The successful fundraising further validates our history of providing investors with superior results, and the growing interest in cleantech," said David Lincoln, Managing Partner of Element. "We are extremely gratified by this vote of confidence and look forward to extending our leadership in the global cleantech arena."
Element Partners, which has offices in Radnor, PA and Menlo Park, CA, currently has 22 portfolio companies in sectors including alternative energy, water treatment, biofuels, and green building materials. Element Partners was founded in 2005 and has more than $800 million in total assets under management.
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