Earth Capital Eyes $5 Billion Investment
Date: 05-Dec-08
Country: UK
Author: Nina Chestney
LONDON - Earth Capital Partners, a new environmentally-focused investment group, said in a statement on Thursday it plans to raise $5 billion in 5 years to invest in projects and firms involved in climate change and energy security.
Earth Capital Partners, chaired by Stanley Fink and based in London, plans to launch a series of venture capital funds to attract companies, financial institutions and sovereign wealth funds into environmentally friendly investment.
The group said a management umbrella group will organize investment into areas such as infrastructure, agriculture and forestry, new technologies, carbon trading and energy arbitrage.
The company will offer a so-called Earth Dividend to investors, which will measure whether an investment is helping the environment.
Earth Capital Partners said it is currently seeking authorization from the Financial Services Authority.
(Editing by Peter Blackburn)
