Technology investor Silver Lake is launching Silver Lake Kraftwerk, a new investment strategy focused on providing growth capital to business innovators in the energy and resource sectors. Soros Fund Management LLC will join Silver Lake as a strategic partner in the new initiative, which will be led by Adam Grosser, an investment veteran who served for a decade as a General Partner at Foundation Capital.
Operating out of offices in Silicon Valley and China, the new strategy will invest in companies that leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications.
“We are excited to launch Silver Lake’s fourth investment strategy, this one focused on the energy and resource sectors, where we will target growth stage companies with proven technologies and business models,” said Greg Mondre, a Silver Lake Managing Director and member of the investment committee for the new business.
“There are many parallels between the development of the technology sector and the innovation that is occurring in the energy and resource sectors today. We have been actively planning our expansion for some time, and believe that Adam Grosser’s formidable expertise and vision combined with Silver Lake’s global investment platform will offer the companies we invest in a compelling partner to grow their businesses, both in developed and emerging markets.”
Mr. Mondre added: “Our goal with this new initiative is to match Silver Lake’s established leadership in large cap and middle market technology investing with a new strategy we believe will drive growth around the world in coming decades.”
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