Mitsui Holdings - Stunning Reaction To New Clean Technology Fund .

Online, November 24, 2010 (Newswire.com) - "Mitsui Holdings", the Asia-based private equity firm, has reported that the closing of its new clean technology fund is "almost certain" to be brought forward after what it called a "stunning reaction" from investors.

Speaking at a symposium for the private equity industry, a "Mitsui Holdings" partner said "Rumors of the demise of the private equity business model have been greatly exaggerated".

The firm's first clean technology fund closed in 2008 having raised $50 million from both institutional investors and wealthy families. Returns on investment for the fund were reported at close to 20%.

A principal at the firm told delegates, "That we have raised nigh on $80 million whilst in the midst of the deepest recession in living memory is a towering achievement. That we are close to a final closing of the fund several months ahead of schedule is remarkable and a testament to the caliber of both the "Mitsui Holdings" portfolio and our talented individuals.

The firm invests in a number of key sectors but has recently begun focusing on clean and renewable energy innovations as part of a diversification drive.