The fund makes venture capital investments in privately held technology and cleantech companies, as well as thinly traded public companies. Cleantech companies offer goods and services designed to harness renewable energy, eliminate emissions and waste and reduce the use of natural resources. The fund’s current portfolio includes companies in the solar energy, semiconductor, telecommunications and advanced materials industries.
“Growing worldwide energy demand poses one of the great challenges facing the technology industry today and opens incredible opportunity for innovation on the part of skilled entrepreneurs,” said Kevin Landis, chief investment officer of SiVest and portfolio manager of the new fund.
“At the same time, in the investment environment of recent years, private technology companies have faced increased difficulty in raiding equity financing through public capital markets, resulting in depressed value equity valuations,” Landis said. “We believe that combination offers exceptional investment opportunity now for investors with a long-term horizon.”