Tuesday, 5 May 2015
Last updated 12 hours ago
Feb 17 2009 | 12:21am ET
The Far Hills Group, a financial services firm specializing in the placement of alternative investment offerings, has joined forces with cleantech fund manager Russell Diamond to form Solution Capital Partners, a cleantech fund of funds manager.
Diamond, the former manager of a smaller cleantech-focused fund-of-funds, R&D Capital Partners, will handle to the day-to-day management of the new fund, according to peHUB.
Solution’s investment committee will include members of the Far Hills Group, who will provide due diligence assistance on potential investments and help raise capital.
Geoffrey Bradshaw-Mack, a managing director with Far Hills Group, told peHUB the joint venture was the result of Far Hills professionals investing in Diamond’s previous fund. Bradshaw-Mack said many LPs have indicated strong interest in cleantech – particularly given the pending stimulus bill – but that some are seeking a broadly-diversified strategy.
Solution hopes to raise $200 million, with a $350 million cap, roughly 25% of which will go to early-stage VC, half to growth-stage/late-stage and the remainder to “opportunistic” situations. Solution expects to invest chiefly in pure-play cleantech funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…