Chrysalix launches new early-stage clean energy fund

A new venture capital fund launched by Chrysalix Energy has exceeded US$100 million with an investment by Oregon Investment Fund LLC (an affiliate of Credit Suisse) and is on target to reach $150 million by the end of March. Chrysalix Energy Limited Partnership III (CELP III) is focused on early-stage clean energy technologies by bridging the gap between entrepreneurs and industry. The fund has already made five investments in one Canadian firm (General Fusion Inc), two in Oregon (Brammo Inc, Plas2Fuel Corp), one in California (Primus Power) and one in Rhode Island (NanoSteel). The fund was announced in conjunction with British Columbia's unveiling of its new BC Clean Works Initiative. In Canada, Chrysalix has raised $250 million through syndication for seven early-stage clean energy firms and 17 US firms. The company was the lead investor in 70% of the deals....