Zurich, London, and San Francisco [RenewableEnergyAccess.com] The Cleantech Group, Credit Suisse and the Consensus Business Group yesterday announced a strategic business relationship to accelerate global investment in clean technologies. As part of the strategic business relationship, Credit Suisse and funds advised by Consensus Business Group acquired minority equity positions in the Cleantech Group.
Cleantech Group research indicates venture capital flows into the cleantech category over the last five years have shown a relative 253% increase over other venture capital categories. Since 2001, the venture capital class has invested over $21 billion in the cleantech category, and an additional $25 billion could be capitalized through the 2010 period.
The strategic business relationship signals the launch of multiple global investment products encompassing private equity vehicles, new blended instruments and structured products tailored to the unique drivers of the cleantech investment category.
The companies say they will also launch advisory services to assist governments, corporations and fund managers.
“Transforming the global economy towards more efficient use of natural resources and reduced ecological impact is the primary task of our age and offers greater wealth creation potential than the prior high-tech and biotech investment cycles,” said Nicholas Parker, co-founder and chair of the Cleantech Group. “With this strategic business relationship, we align the global reach and resources of our three organizations to significantly increase global capital allocations toward solving the most pressing issues of our time while generating exceptional financial returns.”