Mountain Cleantech Holds First Close of Fund II at €23M

Mountain Cleantech AG, a Wädenswil/Zurich, Switzerland-based investment firm, held the first close of its second fund at €23m.

Mountain Cleantech Fund II, which has final target size of €100m, has attracted a diverse group of investors, including a strategic corporate cornerstone investor, funds-of-funds and family offices. It will focus on the renewable energy, energy efficiency, recycling and new materials sectors.

Target investment regions for Fund II are primarily the German-speaking countries (Germany, Austria, Switzerland) as well as the Nordic countries.
The investment process will be managed by Mountain Cleantech’s ten-person technology team, which consists of professionals and senior advisors with expertise in private equity and technology.
Fund II had already entered into negotiations with several target companies and aims to make the first investments in the fourth quarter of 2011.



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