Ambienta, a Milan, Italy-based pan-European environmental growth investor, has closed its third fund, at €635m.
Ambienta III, which surpassed its original €500m target, received capital commitments from close to 50 global investors, including pension funds, insurance companies, fund of funds, banks and foundations.
Approximately 75% of the investor base came from continental Europe, 15% from the UK and 10% from the United States.
Led by Nino Tronchetti Provera, Managing Partner, Ambienta is an independent fund dedicated to private equity investments in companies underpinned by sustainable megatrends, notably resource efficiency and pollution control, combining financial returns with significant and quantifiable environmental impact.
With offices in Milan, Dusseldorf and London, to date the firm has invested in 26 companies in eight European countries with revenues across over 100 geographies.