Clean energy stocks may be underperforming in the public market, but there is still great appetite for companies focused on decarbonization in private markets — with Clean Energy Ventures' new fund serving as the latest example.
The climate tech firm said Wednesday that it raised $305 million for its second fund, five years after closing its first fund.
This latest fund was oversubscribed — the initial target stood at $200 million — but interest from limited partners including The Grantham Foundation, Builders Vision and Carbon Equity led to a higher raise.
The firm is already putting the new money to work, focusing on technologies that go beyond the traditional green investments of solar and wind.
Co-founder and managing partner Daniel Goldman identified industrial decarbonization as one compelling vertical — specifically emissions-reducing technology for the cement and steel industries.
Persons:
Daniel Goldman
Organizations:
Clean Energy Ventures, The Grantham Foundation, Builders Vision, Carbon Equity, CNBC
![Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg](/find/mix/0?q="Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg"){kind=link}