EnerTech Capital has raised $75M for energy fund, slow going

August 28, 2007 | Matt Marshall

EnerTech Capital has raised $75 million so far for a third venture fund targeting investments in the energy sector, according to VentureWire (subscription required).

The fund, which began raising capital in 2005, appears to be running a permanent fund-raising campaign. It wants to raise a total of $250 million. Limited partners in the new fund include California Public Employees’ Retirement System, Dow Ventures, Kuwait Petroleum Co., Abu Dhabi-government affiliated investment vehicle Masdar Clean Tech Fund and holding company Acorn Factor Inc., according to the report.

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Tags: energy

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.