Truell Brothers Launch Cleantech VC Fund

Apr 1 2009 | 10:41am ET

The UK’s Truell brothers, Edmund and Danny, have launched a venture capital fund – Curzon Park Capital – to invest in clean technology and renewable energy.

The Truells, who also own the buyout firm Duke Street Capital and the insurer Pension Corp., set up Cruzon Park Capital last month through the Truell Charitable Foundation, following the purchase of a GBP 20 million ($28 million) environmental-technology investment fund from the VC investor E-Synergy Ltd., according to documents filed at Companies House.

The fund has invested in seven cleantech companies including, most recently, a plastics recycler.

Edmund Truell, besides being an investor, is chairman and nonexecutive director of Curzon Park Capital. The Wall Street Journal quotes sources familiar with the deal as saying Danny Truell will play no active role.

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