Masdar Capital, one of the five integrated units of Masdar, said its two funds manage global assets worth over $540 million.

The company is growing into one of the leading players in the global clean technology investment space, deploying funds globally and building a diverse international portfolio in the five years since its inception, it said.

Alex O’Cinneide, director and head of investments at Masdar Capital, said: “We seek to grow and expand our status as a global player in the cleantech investment arena and are looking to be a major force for renewable investment globally. Our efforts in building an asset management business headquartered in Abu Dhabi with strong international investors are beginning to pay off. The growth of this sector will increasingly provide them and us with opportunities and we believe an excellent return profile.”

Currently, Masdar Capital’s two major investment vehicles – Masdar Clean Tech Fund (I) and DB Masdar Clean Tech Fund (II) – together have US$540 million under management. The first fund’s investments range from solar thin-film to waste-to-energy and water purification. The second fund will concentrate on clean energy, environmental resource management, energy and material efficiency and environmental services, with its first investment completed in Chinese wind energy, the company said.

The $250 million Masdar Clean Tech Fund (I) launched in 2006 is fully invested, targeting $10 million-$25 million investment ticket sizes in companies with promising technology and defendable IP.

The DB Masdar Clean Tech Fund (II) launched in 2010 completed its final close at $290 million. The average investment size targeted by this fund will be between $15-$40 million. The fund seeks out promising growth-stage renewable companies operating in most areas of the industry.

Masdar Capital and Deutsche Bank Climate Change Advisors (DBCCA) are co-managers of this fund and have each committed $50 million.

With a 12-member team based in Abu Dhabi, Masdar Capital builds long term relationships with investee companies, investors and co-managers, said O’Cinneide. – TradeArabia News Service