Canadian Fund and Dutch Asset Manager Target EU's Fertile Cleantech
VANCOUVER, BRITISH COLUMBIA, December 5 /CNW/ - Chrysalix Energy Venture
Capital, a leading global investment firm focused on clean energy
technologies, today announced that it is joining forces with Robeco, a leading
European asset manager, to invest in Europe's fast-growing cluster of clean
energy and climate mitigation technologies.
The new joint venture, Sustainable Energy Technology Venture Partners,
powered by Chrysalix and Robeco B.V. (SET VP), manages the EUR 50 million in
startup capital of the SET Fund and will focus on European companies
developing technologies that accelerate the deployment of clean energy and
reduce climate risk. The SET VP portfolio will include supply-side solutions
like biofuels, wind and solar power, and hydrogen production; mitigation
technologies like greenhouse gas capture and other pollution reduction
techniques; demand-side energy efficiency technologies; and enabling
technologies, such as smart grid and energy distribution networks.
"As the clean energy and climate mitigation industries continue to
globalize, experience and domain knowledge will rule the day for investors
looking to support these emerging technologies," said Wal van Lierop,
Chrysalix president and CEO. "By creating SET VP, which will tap into Robeco's
extensive European network and deal flow, Chrysalix has gained a trusted
partner and access to information in a critical market sector. Our portfolio
companies and our existing partners in North America will be the ultimate
beneficiaries of this new relationship."
Launched by limited partners DELTA NV and Essent NV, the SET Fund is
expected to grow to more than EUR 100 million next year. SET VP will have an
independent management team, headed by CEO Rene Savelsberg, who formerly led
the corporate venture arm of European consumer electronics giant Philips.
Chrysalix and Robeco will assist the SET VP team on an ongoing basis with deal
advice and investment decisions.
"Rene Savelsberg together with Wouter Jonk form a seasoned and
professional investment team with a track record of success," said Andrew
Musters, Partner of Robeco Private Equity. "We're excited to have them lead
SET VP. We're equally pleased to be able to join forces with Chrysalix, one of
North America's most respected clean energy venture firms. They are a trusted
name in the category, and there is a great deal of mutual respect within this
Chrysalix Energy Venture Capital is a leading Canadian VC in the
cleantech space. In the past few years Chrysalix has consistently ranked among
the top-5 most active clean energy venture capital funds in the world. To date
Chrysalix has a portfolio of 18 clean energy companies. Chrysalix has
syndicated with many of the tier-1 Silicon Valley based VCs and is backed by a
strong group of industrial and financial Limited Partners including Citigroup,
Shell, Ontario Teacher's Private Capital, BASF, WestLB Mellon, Kuwait
Petroleum, Robeco, Consensus Group, Mitsubishi, Delta Lloyd and others. The
Chrysalix team has been recognized for its pioneering role in the industry.
The Chrysalix brand name, knowledge and network have many seeking the firm out
as a trustworthy partner. Chrysalix has very strong deal flow: it reviews
greater than 500 clean energy deals annually, seeing virtually every deal in
the space. Combined, the team has greater than 70 years of experience in
investing in energy and venturing, and one of the most attractive track
records in this still young, but very exciting clean energy industry.
Robeco, established in Rotterdam in 1929, offers investment products and
services to institutional and private investors worldwide. It has EUR 142
billion in assets under management (at 31 December 2006).
The product range encompasses equity and fixed-income investments,
money-market and real-estate funds and alternative investments, such as
private equity, hedge funds and structured products. The various strategies
are managed from Rotterdam (head office), Paris, Boston and New York.
To service institutional and third-party distribution clients, Robeco has
offices in Bahrain, Belgium, Germany, France, Hong Kong, Japan, Luxembourg,
Poland, Spain, the United States and Switzerland. Robeco has a bank license in
Belgium, France and the Netherlands, where it can sell its products straight
to private clients.
Transtrend in Rotterdam, the Netherlands, and Harbor Capital Advisors in
Chicago, USA are part of the Robeco group. Furthermore, Robeco holds interests
in SAM Group (64%) in Zurich, Switzerland; Canara Robeco Investment Management
(49%) in Mumbai, India; and AIM (40%) in Rijmenam, Belgium.
Robeco is part of Rabobank Group, one of the few retail banks with the
highest credit ratings from Moody's and Standard & Poor's. Furthermore, within
the banking sector, Rabobank has the highest sustainability cluster score,
which is used to assess an organization's people and environmental
For further information:
For further information: Chrysalix Energy VC Wendy Leong,
+1-604-659-5476 email@example.com or Antenna Group for Chrysalix Matthew
Lewis, +1-415-977-1931 firstname.lastname@example.org or SET VP Rene Savelsberg, +31
6 22938536 Managing Director and CEO email@example.com or For Robeco
Talien Willems, +31 10 224 2241 firstname.lastname@example.org