Wednesday, 6 May 2015
Last updated 7 hours ago
Mar 25 2009 | 3:31pm ET
The U.K.-based Consensus Business Group, noted for its cleantech investments, has been selling down its cleantech portfolio and shifting assets into property, reports Environmental Finance.
The group – owned by Vincent Tchenguiz and with over $1.5 billion in assets after debt – has sold about one third ($120-140 million) of its cleantech investments in recent months.
A spokesman for the group confirmed the sales for Environmental Finance, saying cleantech is “simply not very attractive at the moment,” while property is.
The Consensus Group said in a statement that it is “currently reallocating certain portfolio assets – some of which have been held for a considerable length of time. Selected asset sales in both the primary and secondary private equity markets have resulted in favorable returns to Consensus.” Buyers, said the group, have included pension funds and other institutional investors.
The group is still investing in cleantech, having recently put $10 million into the World Bank’s BioCarbon fund, and continues to raise funds for Inspired Evolution One, a South African cleantech fund in which it is a key investor.
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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…