Virgin Green Fund

Virgin Green Fund
Company type	Private
Industry	Private equity
Founded	2007
Defunct	2014
Fate	shut down
Headquarters	London, United Kingdom; San Francisco, United States; New York City, United States
Area served	North America & Europe
Number of employees	10
Parent	Virgin Group
Website	www.virgingreenfund.com

Virgin Green Fund was established in 2007^[1] to invest in companies in the renewable energy and resource efficiency sectors in the US and Europe. It closed in 2014.

Investment history

The fund's first fundraising round raised $199m from Virgin and other investors. A notable initial investor was Wolverhampton City Council. The fund's investment focus is on established businesses rather than start ups. It had invested in 10 businesses out of 3,700 considered as of 2010.^[2]

Portfolio

As of April 2010 Virgin Green Fund's portfolio included:

Gevo^[3]
Solyndra^[4]
Odersun^[4]
Metrolight^[5]
Wildcat Discovery Technologies^[6]
DuraTherm^[7]
Seven Seas^[8]
Quench USA^[8]
GreenRoad^[9]

Shutdown

In 2014, the firm was closed down by the Virgin Group.^[10]

References

^ Chris Hughes (27 June 2008). "Virgin's green fund gets first $199m". Financial Times. Retrieved 28 April 2015.
^ Claire Cain Miller (10 May 2010). "Virgin Green Fund Looks to Midlife Start-ups". New York Times. Retrieved 28 April 2015.
^ "Portfolio: Biofuels". Virgin Green Fund. Retrieved 7 April 2010.
^ a b "Portfolio: Solar". Virgin Green Fund. Retrieved 7 April 2010.
^ "Portfolio: Energy Efficiency". Virgin Green Fund. Retrieved 7 April 2010.
^ "Portfolio: Energy Storage". Virgin Green Fund. Retrieved 7 April 2010.
^ "Portfolio: Waste Management". Virgin Green Fund. Retrieved 7 April 2010.
^ a b "Portfolio: Water". Virgin Green Fund. Retrieved 7 April 2010.
^ "Portfolio: Transport". Virgin Green Fund. Retrieved 7 April 2010.
^ "Virgin Group Said to Wind Down Buyout Unit, Cancel Fund". Bloomberg.com. 23 April 2014. Retrieved 18 May 2016.