By Eric Wesoff
Early this year, we reported that DBL Investors was looking to raise $300 million for its third fund, according to an SEC filing. The SEC filing listed Ira Ehrenpreis as a partner in the firm. At the time, Ehrenpreis was still listed as head of the cleantech practice at Technology Partners. None of the principals were commenting at the time.
This morning DBL Partners announced the close of a $400 million impact fund focused on investments “that combine value and values.” The fund looks to make “investments with positive social, environmental or regional economic impact without compromising financial returns.”
The new fund combines partners from the energy practices of DBL Investors and Technology Partners.