WHEB closes second ‘clean technology’ fund

WHEB Ventures, a clean technology private equity firm, has announced the final closing of its second ’clean technology’ fund, WHEB Ventures Private Equity Fund 2 LP (Fund 2), at £105m.

WHEB Fund 2’s investors are a mix of institutions and family offices.

The institutional investors include the European Investment Fund, the Environmental Innovation Fund managed by Hermes GPE LLP and US pension funds.

The family offices comprise a range of industrial and financial families, including the Bamfords (who own JCB), the Goldsmiths, Lord Jacob Rothschild (chairman of RIT) and Simon Robertson (chairman of Rolls-Royce).