Robeco raises $200m for energy

Robeco Sustainable Private Equity will invest in sustainable energy venture capital and buyout funds in North America, Western Europe and emerging markets.

Robeco Private Equity, the fund of funds arm of Dutch banking group Rabobank, has held a final close of its sustainable energy fund, the Robeco Sustainable Private Equity fund, with $200 million (€156 million) of commitments.

Ad Van Den Ouweland, managing partner at Robeco Private Equity, said that the firm began marketing the fund in January 2004 with a target of $200 million.

Ouweland said that Rabobank and asset management division Robeco were cornerstone investors in the fund, with further commitments from institutional investors and family offices. In terms of region, approximately 50 percent of funds were raised from US and UK investors, with the remainder coming from continental Europe.

Robeco Sustainable Private Equity will invest in both buyout and venture capital funds and make co-investments focused on the energy, water, waste, food and health sectors. “The fund will have more of a tilt towards venture capital and growth capital investing due to the size of the sustainable and clean energy sector,” said Van Den Ouweland. “We’ll be focused on North America, Western Europe and emerging markets.”

Robeco Private Equity was established by Rabobank in 2000 and currently has eleven investment professionals operating out of Robeco’s international headquarters in Rotterdam.