Expansion Capital Partners Increases Size of Clean Technology Fund II, LP; CleanTech Venture Capital Pioneer Announces Subsequent Closing Exceeding $55 Million.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Expansion Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , today announced a subsequent closing for the firm's Clean Technology Fund II, LP, totaling more than $55 million. One of the first specialized CleanTech funds, Clean Technology Fund II is backed by the founding families of several Fortune 1000 companies, numerous family foundations and select institutions. Investors include Piper Jaffray's CleanTech Fund of Funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. , the Merck Family Friedrich Jacob Merck purchased the second town pharmacy in Darmstadt, known as the Engel-Apotheke or Angel Pharmacy. When Friedrich died, the pharmacy was passed on to his nephew and ever since has gone from father to son. Fund, the Dutch based ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. bank venture capital fund, Georgieff Capital of Germany, and Henry Corning, whose family invested half of Greylock's founding capital in 1965. Expansion Capital Partners, founded in 2002, was the first venture capital firm focused exclusively on expansion-stage, CleanTech equity investments. The fund invests across the CleanTech sector including innovations in energy, advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, , water and waste water, manufacturing and transportation. Mark Donohue Mark Neary Donohue, Jr. (March 18, 1937 - August 19, 1975) was an American racecar driver known for his ability to set up his own race car and drive it consistently on the absolute limit. , the firm's founder and a General Partner, stated: "Based on our strong deal flow, which is averaging 75 to 100 new opportunities per month, plus our proprietary tracking of more than 2,100 CleanTech enterprises, we decided to expand our fund size beyond the original target of $50M. This additional capital will allow us to partner with more CleanTech entrepreneurs, as we work to grow companies into respected industry leaders, while creating real, sustainable value Sustainable Value Sustainable Value is an approach to measure and manage sustainability performance. The concept was developed by researchers who are working today for Queen's University Belfast for shareholders." Expansion Capital's management team includes General Partners Bernardo Llovera, formerly of GE Equity, and Diana Propper de Callejon, a co-founder of EA Capital, plus Mark Donohue. The firm's Principals include Kjartan Jansen, Rob Day and Alex Sloan. The firm's team features more than 50 years of private equity, CleanTech, investment management and entrepreneurial operating experience, combined with proven track records as successful venture capital and technology investors. Clean Technology Fund II's portfolio includes: --Agile Systems - Waterloo, Ontario - A global leader in the design and manufacturer of motion controls and energy efficient power drives. Co-investors include General Electric, RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Capital and Growth Works. --Biorem Technologies - Guelph, Ontario - The leading provider of air biofiltration systems to eliminate pollutants, in applications such as waste water treatment and large scale municipal composting. --Tiger Optics - Warrington, PA - Owner of the break-through optical analyzer technology, developed at Princeton, which detects air borne contaminants - with broad applications in manufacturing, automotive, chemical processing and occupational safety. About Expansion Capital Partners, LLC Founded in 2002, Expansion Capital Partners, LLC, invests venture capital exclusively in expansion-stage, Clean Technology enterprises. The firm targets companies that offer dramatic improvements in resource efficiency and productivity, while creating more economic value with less energy and materials, or less waste and toxicity. Clean Technology Fund II, LP, invests in US and Canadian enterprises with current customer revenues of $2-20 million, combined with solid prospects of attaining $30-$50M in revenues within 3-5 years. The fund makes initial investments of $2M to $5M, with its Partners taking active, value-add Board roles. Expansion Capital has offices in San Francisco and New York. Further information can be found at www.expansioncapital.com or by calling Kjartan Jansen at Expansion Capital Partners, 415-788-8825. |
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