On June 5th, RockPort Capital Partners announced that it closed its third venture capital fund (RockPort Capital Partners III, L.P.) with commitments of more than $450 million that will focus on clean technology investments. New investors in RockPort include endowments, institutional investors, and foundations.
In commenting on this news, Wilber James, co-founder of RockPort Capital Partners and a Managing General Partner, said:
The clean tech sector provides enormous opportunities to identify and foster initiatives that offer solutions to global energy and natural resource needs, while providing superior investment returns. We have already seen how the teams we invest in can create enormous value. Our collaborative approach together with a business-building mentality and keen domain expertise has proven invaluable to growing companies.
RockPort Capital Partners has invested in approximately 40 clean technology companies thusfar and has more than $850 million under management. The firm has offices in Boston, Massachusetts and Menlo Park, California.
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