C Change, Vanterra launch $100M energy fund (Boston)
New York private equity firm Vanterra Capital Ltd. and Cambridge venture capital and private equity firm C Change Investments Management LLC have launched the Vanterra C Change Transformative Energy & Materials Fund I (TEM) with a $100 million close.
The fund was founded by energy investor John T. Preston, former director of technology development for MIT; John Sylvia, former partner at TPG and chief operating officer of CalEnergy; Roger Berry, formerly of Climate Change Capital; and Vanterra Capital managing partners Alan Quasha and Shad Azimi. The TEM advisory board consists of Russell Read, former chief investment officer of CalPERS; Harvard Business School professor Michael E. Porter; and Paul Gray, MIT President Emeritus and Dudley R. Herschbach, Harvard University Professor of Science Emeritus.
"Our focus is to invest in companies that will play a key near term role in helping large industrial firms gain enhanced competitiveness through better use of energy and materials," said Preston, in a prepared statement.
Vanterra Capital manages more than $660 million in investment funds.
C Change Investments was co-founded in 2008 by Preston and Russell Read and is focused entirely on environmentally friendly investments that address natural resource consumption and energy demand.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.