Investors surprised Macquarie Funds Management (MFM) after they poured $170 million into the second offering of its Clean Technology Fund.
Investors surprised Macquarie Funds Management (MFM) after they poured $170 million into the second offering of its Clean Technology Fund.
MFM head of distribution Bruce Murphy said the money invested by superannuation funds and institutional investors beat estimates.
Murphy said the fund had potential for strong returns due to growing demand from consumers for cleaner energy, air and water.
The fund will be managed by a clean technology specialist team in the United States, which includes Peter Martenson, Rick Fratus and Eric Becker, who have over 20 years' experience in private equity.
The final offer for the fund closes on November 30.
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