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Mountain Cleantech Fund II

Switzerland

Last updated 13 May 2020, by Impactyield.

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Fund geography

Developed countries (203) / More developed regions (202) / Western Europe (43) / Denmark (2)

Mountain Cleantech Fund II (MCF II) is the first sub-fund under the umbrella fund structure Mountain Fund SICAV-SIF. Investment decisions are taken by the Mountain Management Sàrl (GP) whereas the operational activities are executed by Mountain Cleantech (Fund Advisor).

Mountain Cleantech invests in high growth, late stage, innovative technology companies in sectors such as energy efficiency, recycling/waste processing, green IT, advanced materials, water and waste water. Geographic focus spans the German-speaking region as well as Europe and Scandinavia. World-renowned for engineering education and policy regimes, this region is a leader in exportation of technology serving growing industries and populations. An investor survey conducted by NewNet Research in the spring of 2010 revealed that Germany and Switzerland consistently ranked as the #1, 2, and 3 leader in 'green' investments.

Comprehensive data echoes strong expected growth prospects for cleantech companies in Europe. In Germany alone, Private Equity Wire 24 Jan 2011 cites: "Analysis shows that venture capital investments in German portfolio companies with investments dated between 1998 and 2010 generated an average gross return of 11.4%. In the same time period, US companies achieved an average gross return of 7.7%."

MCF II is the second fund of Mountain Cleantech. In the successful first fund - also dedicated to cleantech - the company managed to accomplish 3 full exits and 4 partial exits.

Asset class

Private Equity / Venture Capital

Fund status

Open - post first close

Fund style

Growth Stage

Financial description

Please contact the fund manager for current financial information.

13 years

of track record

2011

the year funded

100,000,000 EUR

AUM

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Asset manager

Mountain Cleantech AG

Website

Headquarters location: Switzerland

SDG goals

SDG targets

12.6

Encourage companies to adopt sustainable practices and sustainability reporting

13.1

Strengthen resilience and adaptive capacity to climate related disasters

7.b

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: Mountain Cleantech AG

Product track record: Fund has 13 years of track record

Target IRR: 25%

Committed Capital: 23,000,000 EUR (Euro)

Target return category: Risk-adjusted market-rate of return

Fund domicile: Switzerland

Product status: Open - post first close

Style/Stage: Growth Stage

Inception year: 2011

Vintage year: 2007

Target region: Denmark, Developed countries, More developed regions, Western Europe

Target close date: 01/12/2012

Product term: 8 years, 2 years extension

Assets under management: 100,000,000 EUR (Euro)

Investment size: Min: 1,000,000; Max: 10,000,000; Avg: 4,000,000

Co-investment policy: LPs have priority, With LPs and non-LPs

Currency of investments: EUR (Euro)

Currency for fund / product figures: EUR (Euro)

Fund investments to date: 1

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: Strategic cornerstone investors include: - Swedish retail corporate with a global footprint - Austria Wirtschaftsservice GmbH ("aws"), Austria’s national promotional bank for facilitating economic growth - Family offices

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: contact@mountain-cleantech.ch

Website: http://www.mountain-cleantech.ch

Phone number: +41 44 7838 041

If you wish to have your details removed from this database please email gdpr@impactyield.com

Jürgen F. Habichler

Founder and Managing Partner

Impact Performance

n.a.

Impact thesis

Working towards a greener and more sustainable economy is the main motivation of Mountain Cleantech’s investment activities. The approach is to support and find new innovative companies, products and business models that reduce energy and water consumption, emissions and minimize waste generation.
Mountain Cleantech integrates ESG criteria into its investment process. Research encompasses key performance indicators such as energy efficiency, CO2 emissions, effectiveness of global sourcing and employment practices.
Positive selection: Brings to the forefront companies with extraordinary growth and return potential, offering technologies or services which make a major contribution to environmental and climate protection, such as:
Advanced Solutions & Materials
Emission Reduction
Energy Efficiency
Energy Generation & Storage
Transportation
Waste Processing & Recycling
Water & Waste Water
Exclusionary Criteria: Eliminates from the investment process companies that do not refrain from the following:
1) Controversial Business Areas
- Nuclear Energy
- Military
- Others...
2) Controversial Business Practices
- Environmental Damage
- Violation of Human/Labour Rights
- Others...
Finally, Mountain Cleantech has the following distinctions related to its responsible and sustainable investment focus:
Sustainability approach rated “Prime” by Oekom research
Signatory of European Transparency Guidelines
Signatory of Principles for Responsible Investments (PRI)

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