West Coast venture capital firm Sail Capital Partners has hired Hank Habicht, a former chief operating officer for the Environmental Protection Agency, and tasked him with opening up an office in Washington, D.C. The move to hire Habicht is part of the clean technology investment firm’s expansion plans. Sail Capital has also recently held a first close of a new clean tech fund that aims to raise $150 million.
David Jones said it was a “lucky coincidence” that they found Habicht, as the firm has been thinking about opening up an East Coast office. The former government official, who also has extensive work experience in the private sector, including serving as senior v.p. with Safety-Kleen Corp., was exactly what the firm was looking for in an executive.
“He is one of the most experienced people in clean tech in terms of policy and regulation,” Jones said. “We had always known that many of our companies faced some regulatory issues, so it would be very helpful to have someone in Washington.”
Meanwhile, the firm has been busy launching a new fund, which has a target close of $150 million. The new fund, like the firm’s current funds, invests in a broad rage of clean technology companies. Previously, the firm has made investments in various bio-fuel, ethanol and other firms that produce energies that reduce demand for traditional fossil fuels.