WHEB Ventures, one of Europe’s leading clean technology private equity and venture capital firms, has achieved the final closing of its second clean technology fund, WHEB Ventures Private Equity Fund 2 LP, at £105.4m (€125m-$145m).
James McNaught-Davis, WHEB’s Managing Partner, said: “We are very pleased to announce the final closing of our second cleantech private equity fund. Raising over £105 million during the deepest recession since the 1930s is an achievement. WHEB Ventures is one of very few cleantech venture capital firms to have raised significant amounts of capital since September 2008.”
WHEB Fund 2’s investors are a mix of institutions and family offices. The institutional investors include the European Investment Fund, the Environmental Innovation Fund managed by Hermes and a leading US fund of pension funds. The family offices comprise a range of leading industrial and financial families including the Bamfords (who own JCB plc), the Goldsmiths, Lord Jacob Rothschild (Chairman of RIT plc) and Simon Robertson (Chairman of Rolls Royce plc).
“The WHEB team now looks forward to focusing its efforts on investing this new cleantech fund while continuing to support our existing portfolio of investee companies, some of which should be ripe for exit during the next 12 months.” said McNaught-Davis.
WHEB’s Fund 2 has made six investments since its first closing in July 2008. These investments address markets in the energy efficiency, green industrial processes and waste management sectors.














