Andrew de Pass, a senior advisor with cleantech-focused investment bank Greentech Capital Advisors, tells GER that the firm could launch a cleantech-focused investment fund early next year.
The investment fund would not provide early stage venture capital. “We are looking to do later stage private equity investments,” de Pass tells us.
Investments would support companies across the whole green / sustainable space, including renewable energy projects.
No word on expected size of capital commitments or the fund’s potential investors.
Jeffrey McDermott, a former i-banker with UBS, launched Greentech Capital last Summer as an M&A advisory business. The firm has been on at least four deals. Most recently, advising solar power developer Ausra as part of its acquisition by Areva, the French nuclear reactor maker.
But from the start New York-based Greentech Capital has set out to become a full service shop for the green industry. As part of this strategy last week it announced that Heather Smith, Deutsche Bank’s former head of structured private placements, would join the firm to build its own private placement group. Former Goldman Sachs banker Timothy Vincent oversees project finance for the firm.