Element Partners, a leading growth equity firm specializing in clean technology, today announced the final closing of Element Partners II LP (Element II). Initially targeted at $400 million, the fund was oversubscribed, resulting in $486 million in committed capital. Greenhill & Co., LLC served as financial advisor for the fundraise.

Element II will be invested in high-growth companies bringing innovative cleantech solutions to a broad range of sectors, including energy, water, materials, and manufacturing. Investors include a diverse list of leading institutions including corporate, state and municipal pension funds, university endowments, private foundations, funds of funds, and family offices.

"The successful fundraising further validates our history of providing investors with superior results, and the growing interest in cleantech," said David Lincoln, Managing Partner of Element. "We are extremely gratified by this vote of confidence and look forward to extending our leadership in the global cleantech arena."

The firm currently has 22 portfolio companies in industries ranging from alternative energy and water treatment, to biofuels and green building materials. The closing of the new fund brings Element Partners' total assets under management to over $800 million over three funds.

About Element Partners
Element Partners is a cleantech private equity fund dedicated to expansion and growth equity investments in leading companies providing innovative products and services that address environmental and resource challenges in the energy, water, materials, and manufacturing industries. Founded in December 2005, Element Partners has offices in Radnor, PA and Menlo Park, CA. Additional information is available at http://www.elementpartners.com.