S2G Ventures, an investment firm focused on the food, agriculture, ocean, and clean-energy markets, has raised $300m (€275m) for a newly launched fund.
The investment company said it has completed the fundraising for Special Opportunities, a fund created to provide flexible financing for “companies focused on creating positive long-term social and environmental impact”.
The latest fund has so far invested in five portfolio companies, including plastic recycling firm Circulus, community solar provider Common Energy, Service 1st Financial, Nova Clean Energy, and maritime transportation and infrastructure systems provider Purus Marine.
The fund has also invested to help create Clear Frontier, a business established to capitalise on the supply-demand gap in the US around organic grain.
S2G said the new fund brings the firm’s assets under management to $2bn, comprising a portfolio, which includes over 90 companies across the food, agriculture, oceans, seafood and clean-energy sectors, spanning five countries.
Sanjeev Krishnan, senior managing director and CIO at S2G Ventures, said: “The transition to a more resilient and efficient economy will require significant investments in capital-intensive and asset-oriented businesses. Instead of a friction to scale, we see this as an opportunity to ringfence risk, create value for investors and provide a solution the market increasingly needs.
“The Special Opportunities fund expands our toolkit, builds on the subject matter expertise of our sector funds and enables S2G to work with companies across the broader climate tech market.”
Andrea Woodside, principal of the Special Opportunities fund, said: “There is a need for a different type of capital in the climate tech market to complement venture capital and private equity.
“The Special Opportunities fund is grounded in helping companies with creative financing solutions to support them in scaling as efficiently as possible.”
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