German Co. Opens €200M Russian Cleantech Project Fund

Law360, New York (January 30, 2012, 3:18 PM EST) -- Wermuth Asset Management's landmark Russian-focused clean energy project investment fund is open for business, with a target close of €200 million ($264 million) and an internationally renowned clean energy expert at its helm, the German investment firm announced Monday.

Wermuth's Tatarstan Cleantech Fund, which was announced in Hanover, Germany, in July at a meeting of the German and Russian presidents, can now begin drawing on the €110 million of seed money co-founders committed to invest in clean-technology companies developing climate change solutions.

Headed by nanotechnology pioneer...
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