Author: By Mark Leftly
The Virgin Green Fund, based in London and San Francisco, will be one of the few private-equity style funds to raise its target amount this year when it reaches its final close in September.
The fund ploughs $5m-$100m into growing renewable energy sectors such as biomass and solar power in the US and western Europe. Several investments have already been made ? last year, it led a $14.5m funding round in GreenRoad Technologies, a start-up that helps reduce car fuel usage.
The private equity adviser MVision is raising the fund, which is run by an 11-strong team. These include partners Evan Lovell, Shai Weiss, and Anup Jacob, who co-founded the fund.
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