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Masdar Notes Clean Tech Fund First Closing

Tuesday, January 19, 2010 5:14:00 AM PDT | VentureDeal Staff

Abu Dhabi, UAE  --  Venture capital management company Masdar announced the first closing of its Clean Tech Fund, with commitments to date of $265 million.

The fund will work with Deutsche Bank and its DB Climate Change Advisors to build a diversified venture capital and private equity portfolio for pioneering clean tech and renewable energy companies.

The focus on investment will be in expansion and later stage companies.

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