Cleantech-Focused VC Firm Recruits New Partners

Feb 20 2009 | 10:36am ET

San Francisco-based venture capital firm WI Harper Group has announced the hiring of Dr. Jackson Hu, Dr. Ahmad Bahai, and Dr. Kang Sun as partners.

Hu comes to WI Harper from UMC, where he was chairman and CEO. Bahai was CTO of National Semiconductor, and Sun was president and COO of JA Solar.

The group also named former venture partner Dr. Francis Chen as vice chairman, while David Lam, formerly of the Carlyle Group, has joined WI Harper as a new partner.

“We believe that there are more opportunities for venture capital during economic depression,” said WI Harper Group chair Peter Liu in a statement, “In the meantime, we have strong faith in the recovery and sustainable growth of the Chinese economy. By having top-notch industry players on board, we are very pleased and confident in our capabilities to execute, especially within the rising sectors of cleantech and core technology in China.”

“I really believe that there is a bright future in the cleantech industry worldwide and especially for China,” said Sun.

WI Harper specializes in IT, life sciences and cleantech investments. The firm makes initial investments of $500,000 to $8 million, following up with investments of $10 million to $15 million during the life of the holding period. The firm is headquartered in San Francisco and has offices on Beijing, Taipei and Singapore.

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