Thursday, 27 November 2014
Last updated 1 day 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...