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Solution Capital Partners announces first investment

Solution Capital Partners, a CleanTech private equity fund of funds, has announced its first investment into Element Partners II, a CleanTech growth fund.

Solution Capital Partners, a CleanTech private equity fund of funds, has announced its first investment into Element Partners II, a CleanTech growth fund.

Element invests in clean technology businesses which have significant opportunities for growth.

Solution Capital held its initial closing in December 2008. The fund’s first close of USD10.8m was primarily General Partners’ capital, with a final target size of USD200m.

‘We are excited to make our first investment in such a high quality fund as Element,’ says Solution’s chief investment officer Russell Diamond. ‘They have expertise in several sectors that we believe offer value and provide opportunities for attractive returns. These sectors include water, green building, and industrial processes. They also have an experienced team that can invest across multiple developmental stages and the fund has not been adversely impacted by lower valuations.’

Solution Capital was founded to take advantage of investment opportunities presented by the shift toward clean energy, resource efficiency, and the transition to a sustainable lowcarbon economy.

The fund will invest in CleanTech private equity funds across stage, geography, subsector and vintage.

Prior to forming Solution Capital, Diamond was the general partner of R&D Capital Partners, a fund that invested in clean technology through private equity funds and direct investments.

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