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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Israel Cleantech Ventures closes $75m debut fund06/05/2008. Source: AltAssets. 
Israel Cleantech Ventures has closed its debut fund on $75m, above its original target of $60m. The fund is backed by institutional investors and family offices in Europe, the US and Israel. Investors include Netherlands-based asset manager Robeco Private Equity and US-based financial institution Piper Jaffray.
ICV will invest in Israeli-based or Israel-related cleantech companies operating in segments including alternative energy, water conservation and purification and emissions reduction, and in companies developing technologies that enable existing industries to work in a more efficient and environmentally friendly manner.
The fund has made seven investments to date: Aqwise (waste water treatment), CellEra (fuel cells), Citrine Renewable Energy (landfill biogas treatment), Emefcy (energy production from waste water), Metrolight (energy efficient lighting), Project Better Place (electric vehicle infrastructure) and Pythagoras Solar (solar energy).
The fund is managed by partners Jack Levy, Meir Ukeles and Glen Schwaber.
ICV was established in 2006.
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