Milan, Italy-based venture capital firm Ambienta Sgr has closed its second fund at €323.5m (approximately $404m).
Limited partners of Ambienta II include the European Investment Fund, Generali, HarbourVest, Hermes, Pantheon, RobecoSAM, Stafford Capital Partners, Unigestion and Zurich Insurance Group, as well as Italian LPs such as CNPADC, Fondazione Enasarco, Intesa Sanpaolo, Fondo Italiano di Investimento, and Poste Vita.
The fund makes growth investments in businesses that focus on resource efficiency and pollution control. In June 2014, it acquired IP Cleaning SpA, a manufacturer of professional machines and equipment for the professional cleaning sector, for €50m (read here).
Led by Nino Tronchetti Provera, Managing Partner, Ambienta SGR has completed eighteen investments to date in the areas of energy efficiency, pollution control, recycling and primary resource management.