GEF Capital Partners, a Washington, D.C.-based private equity firm focused on climate change and pollution mitigation, has closed its GEF US Climate Solutions Fund II at $325 million of commitments, exceeding its original $250 million target.
Fund II focuses on making control investments in lower-middle-market companies in the United States and Canada to rapidly scale their climate change and pollution remediation solutions.
The fund’s investor base included institutional investors focused on climate change investing, including Blue Earth Capital, HQ Capital, ODDO BHF, INGKA Investments, GEM Investments, Första AP-fonden, Quilvest Capital Partners, Granite Capital Management and Nordea.
“We are grateful for the support we received from a global and highly sophisticated institutional investor base seeking exposure to lower-middle-market companies addressing climate change in the United States,” said Daniel Prawda, co-founder and managing partner of GEF Cap