SAM closes clean tech fund

Sustainable Asset Management (SAM), the Swiss boutique, has announced the first close of its third generation Robeco SAM Clean Tech Fund.

The fund, which has reached a volume of $200 million, is a hybrid private equity vehicle investing in about 15-25 primary and secondary global clean tech funds as well as up to 20 co-investments. As governments implement new regulations to secure energy and protect the environment, SAM attempts to benefit from capital flowing into the global clean tech sector.

Andrew Musters, global head of private equity at Robeco and SAM said he was pleased with the strong commitment from global institutional investors and the deal flow. The ultimate target size for the fund is $500 million.