Ex-U.K. Foreign Secretary Miliband To Advise VantagePoint

Jul 20 2011 | 9:13am ET

VantagePoint Capital Partners has tapped former UK Foreign Secretary David Miliband as a senior advisor on it CleanTech advisory council.

Milliband, a British Labour politician, has been a member of parliament since 2001. In addition to serving as former PM Gordon Brown’s Foreign Secretary, he held a number of posts in the government of Tony Blair. Miliband is the brother of current Labour Party leader Ed Miliband, who defeated him for the post last year.

As a senior advisor to the Silicon Valley-based VantagePoint, Miliband will advise the investment team on “international opportunities and policy innovations.”

“The global energy environment is one where innovation meets with geo-political realities," said Alan Salzman, CEO and managing partner of VantagePoint. "David brings a truly unique perspective and world-class experience that will help us navigate complex energy markets. We are very pleased to have him as a senior advisor.

“I look forward to putting my political experience to work in helping to solve energy innovation and efficiency challenges in today's global financial markets," said Miliband. "In a world shifting from resource plenty to resource scarcity I am looking forward to working with VantagePoint towards real solutions to global energy needs."

In addition to its Silicon Valley headquarters, VantagePoint has offices in Hong Kong and Beijing; more than $4.5 billion in committed capital; and active investments in over 70 companies, including BrightSource Energy, Bridgelux, MiaSole, Switch Lighting, Solazyme, Liquid Robotics, Tesla Motors, Trilliant, Tendril and Better Place.

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