VantagePoint Launches China-Dedicated Cleantech Fund

Veteran enertech fund VantagePoint Venture Partners, has closed on a $100 million China-focused clean tech and renewable energy fund.

This first-of-its kind fund for VantagePoint, formally dubbed the Tianjin VantagePoint Hi-tech China FIVCE Fund, will support renewable energy and cleantech companies as well as financial services companies and be co-managed by the Tianjin Hi-Tech Holding Group and Tianjin Binhai Development Investment Holding, two state-owned holding companies.  The fund will target its investments in the city of Tianjin and its surrounding regions.

VantagePoint CEO Alan Salzman said:

China is one of the key places where the global CleanTech future is being defined. The country is a world leader in terms of investment in clean energy, and the Tianjin-Bohai Rim region is at the heart of this CleanTech revolution. The Tianjin VantagePoint Hi-tech China FIVCE Fund will be a platform to support that drive and will help build world-class Chinese enterprises that can contribute to economic growth and earn national and global recognition.

Since its inception in 2002 VantagePoint has invested over $1 billion in the sector.

One Response to “VantagePoint Launches China-Dedicated Cleantech Fund”

  1. says:

    We are a leading tidal energy company, and would like to know more about the FIVCE Fund.We believe that our technology could make a significant contribution to China’s low carbon future. Please see website for background.

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