Shortly after its €147.2 million ($201.1 million) first close in October 2013, Milan-based environmental investor Ambienta has held a second close for its Ambienta II with €202.2 million ($276.3 million) in equity commitments, reported by various outlets. The fund launched in May with a €300 million ($410 million) target fundraising goal.
Ambienta II will invest in European companies focused on resource efficiency, natural gas and pollution-control technologies. The fund will invest in 10 to 15 companies and follow an acquisitive growth strategy.
The fund follows the same strategy as its predecessor. Ambienta I closed with €217.5 million ($297.2 million) and has completed 10 investments in the areas of the energy efficiency, pollution reduction, recycling and primary resource management as of July 2013.
Ambienta SGR is a European private equity fund focused on the environmental sector.