December 11, 2011

$355m venture firm for green chems

As I am preparing for my incoming article on ICIS Chemical Business about renewable chemicals investment 2012 outlook, I came across this news about Warburg Pincus investing up to $355m in an new private equity firm called First Green Partners based in Minneapolis.

The new firm will be led by Doug Cameron - ex-Cargill official and former chief science officer at Khosla Ventures, and Tom Erickson, co-founder and general partner of venture capital firm BlueStream Ventures. I briefly got introduced to Mr. Cameron early this year during the Infocast biobased chemicals conference that he chaired in San Diego, California. Hopefully, we will soon know more about First Green Partners as I am setting up an interview with Mr. Cameron for my January 2 article.

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