{"id":648476,"date":"2013-03-22T15:41:18","date_gmt":"2013-03-22T19:41:18","guid":{"rendered":"http:\/\/www.pehub.com\/?p=192568"},"modified":"2013-03-22T15:41:18","modified_gmt":"2013-03-22T19:41:18","slug":"wesley-group-raises-160m-cleantech-fund","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/648476","title":{"rendered":"Wesley Group Raises $160M Cleantech Fund"},"content":{"rendered":"

The Westly Group<\/strong> said it raised a $160 million cleantech venture capital fund with LPs that include Citi, E.ON,<\/strong> the utility company, and Korea based SK Group<\/strong>. The fund is 25% larger than the firm’s previous fund.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

The Westly Group Raises $160 million Clean Technology Fund<\/p>\n

Menlo Park, CA – The Westly Group has successfully raised its next cleantech\u00a0 venture capital fund which will have $160 million in committed capital, a 25%\u00a0 increase over the size of the previous fund. Key investors include Citi, E.ON (the\u00a0 world\u2019s 7th largest utility), and SK Group (the third largest conglomerate in Korea).<\/p>\n

The Westly Group has had four portfolio companies go public on the NASDAQ\u00a0 including Tesla Motors. The firm will manage one of the larger venture funds\u00a0 investing in the clean technology sector, and will target high growth companies with revenues as well as earlier stage opportunities with capital efficient business\u00a0 models.<\/p>\n

\u201cWe\u2019re proud to complete this raise in this challenging fundraising environment,\u201d said Steve Westly, a managing partner of the Fund. \u201cWe\u2019re particularly proud of our investment partners such as Citi, E.ON and SK Group.\u201d<\/p>\n

\u201cWe are extremely pleased to partner with one of the leading venture firms in the country to bring innovative technologies and community benefits to regions across the country, as well as efficiencies to our public sector clients,\u201d said Ward Marsh,
\nhead of the Municipal Securities Division at Citi.<\/p>\n

\u201cWe feel this is a great time to invest in clean technology and believe that there are better companies and business models than what we have seen since we started our firm six years ago,\u201d said Mike Dorsey, a managing partner of the fund.<\/p>\n

The post Wesley Group Raises $160M Cleantech Fund<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Westly Group said it raised a $160 million cleantech venture capital fund with LPs that include Citi, E.ON, the utility company, and Korea based SK Group. The fund is 25% larger than the firm’s previous fund. PRESS RELEASE The Westly Group Raises $160 million Clean Technology Fund Menlo Park, CA – The Westly Group […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-648476","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=648476"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648476\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=648476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=648476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=648476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}