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New Robeco cleantech f-o-f seeks emerging Asia propositions

  • Paul Mackintosh
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Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing figure.

The fund held its first close in July this year, at $200 million. With media reports quoting Andrew Musters, global head of private equity at Robeco, stating that the fund aims to raise a further $150 million by end 2010, there is the possibility that the fund may be looking at a final close below $500 million. The fund seeks to invest in "the leading primary and secondary global clean-tech funds as well as selective co-investments." According to Musters, the  new fund will seek to invest up to one third of its capital in Asia, including Japan. The firm already has investments in Australia.

Robeco is an independent member of the Netherlands' Rabobank Group with some EUR135 billion ($186 billion) under management, according to the group's website. The firm targets completion on its cleantech fund by 2Q11.

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