Thursday, 2 October 2014
Last updated 13 hours ago
Nov 16 2009 | 12:01pm ET
Philadelphia-based venture capital firm Meidlinger Partners closed a first round of funding for its Sustainable Investments fund.
Meidlinger contributed $4.25 million to the round, while founding investor Benchmark Asset Managers is expected to add an additional $10.75 million toward the fund’s target of $100 million.
According to a Meidlinger statement, the fund provides “expansion capital to proven companies in the lower market with solutions to solve the world’s water, wastewater and energy problems.”
Kevin Brophy, Meidlinger co-founder and CEO, said, “The lower market is the sweet spot where operational, industrial and technical support can act as a catalyst to propel portfolio companies to the next level. Since January 2009, we have seen 560 such cleantech investment opportunities, of which we are tracking more than 100 and taking a close look at five. Many of these fit into the attractive water/energy nexus space.”
Dr. Karen Meidlinger, managing principal and co-founder of the VC firm, said Meidlinger employees are “excited to roll up our sleeves and become an integral part of our portfolio companies as a financial, strategic and operational partner.”
Meidlinger made its first investment in Triton Water AG, an advanced water treatment company headquartered near Hamburg, Germany.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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