Zouk Capital LLP, a London-based private equity firm, has held the final close of its expansion fund at €230m.
Limited partners include sovereign wealth funds, fund-of-funds, international corporations, pension funds and family offices.
Cleantech Europe II will invest into expansion-stage businesses seeking opportunities in renewable energy, energy efficiency, water and waste technologies.
The Fund, which will operate in the UK, German-speaking countries, the Nordics, France and Benelux, will be managed by the firm’s technology team consisting of 10 professionals.
Cleantech Europe II has already made its first investment in Anesco, a supplier of energy efficiency services in the UK.
Zouk is led by CEO Samer Salty.