Silver Lake launches new cleantech fund with George Soros’s firm

Silver Lake http://www.silverlake.com. , the global leader in private investments in technology and technology-enabled industries, today announced that it will launch Silver Lake Kraftwerk ("SLKW"), a new investment strategy focused on providing growth capital to business innovators in the energy and resource sectors. Soros Fund Management LLC will join Silver Lake as a strategic partner in the new initiative, which will be led by Adam Grosser, an investment veteran who served for a decade as a General Partner at Foundation Capital.

Operating out of offices in Silicon Valley and China, the new strategy will invest in companies that leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications. Mr. Grosser will be joined by a team of dedicated investment professionals, including Cathy Zoi, who recently announced her resignation as the Obama administration’s Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy. Ms. Zoi will join SLKW in April, 2011.

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