With $300M, VC Firm Braemar Energy Closes 3rd Fund

Law360, New York (June 27, 2012, 3:47 PM EDT) -- New York-based energy industry venture capital firm Braemar Energy Ventures has launched its third fund with $300 million in capital commitments and will focus on venture- and expansion-stage energy technology companies, Braemar said Wednesday.

The global firm, which typically makes early- to mid-stage investments in the energy technology sector, said the fund, Braemar Energy Ventures III LP, was oversubscribed and closed with the maximum allotted amount of funding.

Braemar's fundraising efforts outstripped its efforts for its second fund, known as Fund II, which closed in October...
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