Impax Raises €118M for Renewable Energy Focused Private Equity Fund

Impax Asset Management Ltd, a wholly wholly owned subsidiary of Impax Asset Management Group plc, an AIM-listed investment manager focused on the environmental sector, has received subscriptions for an additional €118m of capital commitments to its second private equity fund, Impax New Energy Investors II LP (NEF II).
Having already raised €141m, as announced on 23rd March 2010, NEF II has now received total capital commitments of €259m.
In this fundraising, Impax has committed to invest an additional €0.6m in the fund, taking its total commitments to €2.6m.
NEF II is focused on investing in independent power companies and projects in the renewable energy sector across the European Union.

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