Saturday, 18 April 2015
Last updated 4 hours ago
Dec 7 2009 | 9:29am ET
Swiss investment group Mountain Cleantech plans to launch its second fund focusing on the cleantech sector in German-speaking countries.
With a target of EUR 100 million ($149 million), the fund will focus on late-stage investments and be structure as a Luxembourg-based SICAV (an open-ended investment fund common in Western Europe). Mountain Cleantech expects its first closing in Q3 2010.
Mountain managing director Jürgen Habichler told a meeting of investors in London in early November that the German cleantech sector holds “fantastic investment potential.” Germany leads world trade in environmental protection products and dominates several cleantech industries, he said, but attracts much less venture capital than the UK.
Habichler said Mountain’s focus on late-stage investments would mean relatively low technology risk, higher rates of return and short exit timetables.
Mountain’s first cleantech investment fund – Cleantech Invest AG – was launched in 2007 and currently boasts a portfolio of six companies with aggregate revenues of more than EUR 320 million ($475 million).
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…