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Clean Energy Focus For JV

A Russian-Kazakh fund focused on nanotechnology and targeting investment of up to $150 million is likely to put the majority of its money into clean energy, its managing partner said.

London-based asset management group I2BF Venture Capital and VTB Capital have been hired to manage the fund.

“A big part of the opportunity in nanotechnology is clean energy — solar, power storage, composite materials used in wind and catalysts for biofuels,” said Ilya Golubovich, managing partner of the fund.

(Bloomberg)


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