Green firms feel pinch of economy woes

Global economy woes which have gripped financial markets have made raising capital difficult again for some environmental technology firms, according to Vivek Tandon, co-founder of London-based Aloe Private Equity.

London-based Aloe Private Equity has 175 million euros ($253 million) of assets under management and now has three funds. Its investment portfolio includes 11 firms, mainly in the energy efficiency, renewable energy and recycling sectors.

"From a fund-raising perspective, these jitters in the market are very unnerving for investors," Tandon told Reuters in an interview.

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