ArcTern Ventures wraps up sophomore fund

Toronto-based ArcTern Ventures, a venture firm that invests in clean tech companies, has closed its second fund at $200 million. The fund's investors include TD Bank Group, Suncor, BDC, The Ivey Foundation and another Canadian pension fund. The anchor investors were OMERS and Equinor, a Norwegian energy company. Last October, ArcTen raised $60 million in the first closing of its second fund, as reported by PE HUB. ArcTern’s Managing Partners Murray McCaig and Tom Rand co-founded ArcTern Ventures in 2012.

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