Macquarie Capital Funds, the asset management unit of Australia’s Macquarie Group, has hired Bill Green, the co-founders of renewable energy-focused investment fund VantagePoint Venture Partners, as a senior managing director to expand the firm’s North American renewable energy investments.
At VantagePoint Green oversaw $1 billion investments supporting renewable energy companies as well as water management outfits and alternative fuel and waste-to-energy sectors. He co-led VantagePoint’s investment in New Energy Capital and its subsequent infrastructure investments and realizations.
In a prepared statement Green said:
Historically, investments in the CleanTech sector have gravitated towards the venture capital end of the spectrum. But as renewable energy technology matures, we’ve also witnessed a substantial increase in available infrastructure investment opportunities in the sector. Given the growing demand for renewable energy and other infrastructure projects that support the sustainable use of natural resources, investors can enjoy stable, long-term returns by funding these projects at commercial scale.
Early last year GER reported that Macquarie Capital Funds was looking to raise $400 million for a second cleantech fund.
Separately, PeHUB also reports that Tarun Kalra of Boston-based VC Battery Ventures has joined Next World Capital as a senior associate. Next World, with offices in Brussels and San Francisco, oversees $200 million in capital, which it invests in cleantech companies, as well as software and business services firms.