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Natsource® Partners with North American Alternative Energy Venture Capital Fund, Leading Edge Altern
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Natsource® Partners with North American Alternative Energy Venture Capital Fund, Leading Edge Alternative Power (LEAP) |
Natsource® Partners with North American Alternative Energy Venture Capital Fund, Leading Edge Alternative Power (LEAP)
Toronto, Ontario: July 18, 2001 – Natsource® LLC announced today that it will become a strategic partner with LEAP Energy Fund L.P., a venture capital fund focused on investing in private North American alternative energy companies.
Natsource will join LEAP’s extensive network and apply its expertise and access to its clients around the world to advance the fund’s growth and broaden the awareness of the fund’s portfolio companies. Natsource also will work with the principals and their portfolio companies to identify opportunities to maximize the value of emissions credits in the financial markets.
“Private equity funds are investing in alternative energy technology companies that once depended solely on government funding for development. LEAP has taken a leadership role in this industry.” said Peter Drazilov, of Natsource-Tullett Canada. “Their capital investments will bring to market technologies that will create viable new sources of energy and will benefit the environment. Natsource is pleased to be able to assist in this important endeavor.”
Founded 18 months ago, the LEAP Energy Fund was created to invest in the growing alternative energy sector, which has received a boost from the ongoing deregulation of the $350 billion North American utility industry as well as the material and increasing growth in global energy demand. LEAP Energy Fund will seek to broaden market opportunities for alternative energy companies with products focusing on alternative fuel source development, power technologies, interfacing applications, and convergence opportunities.
“We are looking for companies and individuals advancing new services and solutions in the generation, transportation and consumption of energy,” said Bill Tharp, General Partner of LEAP Fund Management Ltd. “The end-result will be materially enhanced efficiencies in production, and benefits for the consumer as well as for the environment. Globally oriented, experienced partners like Natsource will enable us to help our portfolio companies reach the broadest marketplace possible.”
According to officials at LEAP Fund Management Ltd., alternative energy technology is poised for a considerable long-term, sustainable growth period. In the last ten years there have been three defined cycles in the alternative energy sub-sector of the energy market place, yet this market is still only where telecommunications was during its deregulation process in the early 1980’s.
Natsource has also recognized the importance of this sector. Natsource recently created an Asset Management division to add value for clients by creating environmentally related financial products. The financial products will be aimed at capitalizing on new investment opportunities driven by the need for reliable, clean sources of energy providing air quality and greenhouse gas benefits. The Asset Management group is lead by former Clinton and Gore environmental advisor, Kathleen A. McGinty.
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Natsource® LLC is a leading broker of energy related products and participates in the power, natural gas, coal, weather hedging and emission permit markets. Headquartered in New York, Natsource’s client base includes over 600 global companies who are leaders in the utility, coal, oil and natural gas markets, as well as the investment and commercial banking communities. With its joint venture partner, Tullett & Tokyo Liberty Plc, Natsource has global reach in all of the world’s major financial centers.
LEAP Energy Fund, L.P., managed by LEAP Fund Management Ltd., is a venture capital fund focused on investing in private North American alternative energy companies. Founded by a core group of utility companies, servicing more than 26,000,000 consumers and producing in excess of 425,000 Gw.h of electricity per annum, LEAP’s L.P. pool is expected to grow to reflect a broad makeup of North American and European utilities, traditional non-electrical energy and financial community investors. The LEAP Team is dedicated to increasing the usefulness of energy. LEAP Energy Fund L.P. is expected to materially exceed $50,000,000 before Fund I’s final closing.
For more information on the LEAP Energy Fund, please call 416.777.0383 or visit www.leapenergyfund.com.
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