Return to search

EnerTech Capital closes fourth venture fund at $120 mln

EnerTech Capital has raised just under $120 million for its fourth venture fund. Investors in the fund, which is named EnerTech Capital Partners IV LP, include Alberta Enterprise, Export Development Canada, Teralys Capital, Business Development Bank of Canada, Southern UTE and the State of Maryland. The partnership will be used by the firm to continue to make investments in the energy technologies sector. One of Enertech’s 2013 investments was Distech Controls Inc., a Brossard, Québec-based developer of building energy management solutions. The firm has offices in Toronto, Philadelphia, Montréal and Calgary.

PRESS RELEASE

September 11, 2013, Toronto, Philadelphia, Calgary, Montreal – EnerTech Capital is pleased to announce the closing of its fourth fund (EnerTech Capital Partners IV LP, “ECP IV”) with just under $120 million in LP commitments. EnerTech closed the fund with the support of significant Canadian and U.S. financial limited partners including Alberta Enterprise (AEC), Export Development Canada (EDC), Teralys, Business Development Bank of Canada (BDC), Southern UTE, and the State of Maryland along with several key strategic investors and several Canadian family offices.

EnerTech has been successfully investing in the energy technology sector since 1996 and has invested in 62 companies. The fourth fund will continue to follow the firm’s strategy of making investments more broadly across the energy sector “from the well head to the wall socket” which includes oil and gas technologies, water remediation through to emerging new energy software and grid technologies.

EnerTech has already made four investments in ECP IV including: N-Dimension (cyber security for critical infrastructure); Space-Time Insight (big data); HPC Energy (horizontal drilling technologies); and Distech Controls (building automation). EnerTech is focused on investments across North America and has offices in Toronto, Calgary, Montreal, Philadelphia and Menlo Park.

“We are very excited to announce the closing of our latest fund and are grateful for the confidence that LPs have shown in us. We believe that maintaining our broader energy technology focus will continue to provide significant new investment opportunities for the new fund. Our strong presence in Canada in the major provincial markets of Alberta, Ontario and Quebec provides us with significant proprietary deal flow for the new fund in addition to strong U.S. deal flow. We are also pleased to have numerous strategic investors in our new fund who will add significant value to our portfolio companies and proprietary deal flow for the fund.” Wally Hunter – Managing Director,EnerTech Capital.

“We are extremely grateful for the support investors have shown us in EnerTech Capital Partners IV; we believe it is a strong testament to the consistent strategy we have maintained through all of our funds since inception in 1996. We work hard to build and maintain an extensive network of professionals in the energy and power industries. These relationships enable us to stay current on market trends and provide us unique insights that position us well to be helpful to management in building world class companies and producing successful exits.” Scott Ungerer – Managing Director and Founder, EnerTech Capital

“We are pleased to be one of EnerTech’s major financial LPs in EnerTech Capital Partners IV. Their strong track record combined with broad energy technology strategy position them as one of the leading firms in the sector. With their recent expansion into Quebec, the firm has become a key part of the Quebec ecosystem and we look forward to supporting them as they build their portfolio in Quebec and across North America.” Eric Legault – Teralys Capital

About EnerTech Capital
EnerTech Capital is a private investment firm focused on innovation in the energy and power industries: early to mid stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered 32 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal, Calgary and Menlo Park.
For more information visit: www.enertechcapital.com.