Louisiana greentech fund launches
In Louisiana, SAIL Capital Partners and SAIL Sustainable Partners of Louisiana announced the creation of The Louisiana Sustainability Fund, a new private capital fund dedicated to building a sustainable economic future in Louisiana by investing in clean technology and sustainable industry. The Fund is expected to impact green jobs and businesses in Louisiana through the investment of private capital in later stage growth companies with proven technologies, either currently in Louisiana or positioned to locate in Louisiana, that are making significant contributions to sustainable economic growth.
The Fund will work in cooperation with governmental and non-governmental organizations to drive economic development and transformation, and lay a solid foundation for innovation and prosperity in Louisiana. The state was chosen as the core for the new private capital fund because it comprises an opportune mixture of valuable resources and intellectual capital in the areas of energy, water and agriculture, coupled with strong tax incentives for businesses and pro-growth policies.
In addition, since the beginning of the national economic recession, Louisiana’s economy continues to outperform the South and the U.S. and secure top spots in national business rankings. The Fund’s investment strategy selects convertible debt investments with warrants in later stage companies and drives value creation by participating in equity upside. The Fund will mitigate risks by focusing on late stage businesses with proven technologies and strong management teams that posses a solid foundation for growth and job creation.
Category: Fuels
