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April 18, 2011
New Fund Will Invest in Clean Tech in Louisiana
    by Robert Kropp

SAIL Capital Partners launches the Louisiana Sustainability Fund, which will invest in sustainable businesses in Louisiana and mitigate risk by focusing on established later-stage growth companies.

SAIL Capital Partners, a California-based cleantech investment firm, has announced the launch of the Louisiana Sustainability Fund (LSF), a private capital fund that will invest in later-stage growth companies making significant contributions to sustainable economic growth.

According to a press release, LSF will invest in energy, water, and green innovation. LSF states that it will consider investments in "technologies or business models that enhance energy efficiency or improve the environmental profile of business products or practices," as well as "assets whose market values may be enhanced by the application of energy-efficient and environmentally sensitive improvements."

To mitigate risk, the later-stage growth companies in which the Fund will invest will have stable sources of revenues and solid customer bases. They will be required to "keep track of job creation and environmental impacts," according to LSF.

Demonstrating the beneficial impact of effective government policies on sustainable development, SAIL Capital Partners chose Louisiana as the location of its fund because the state offers tax credit for technology companies that receive Small Business Innovation Research (SBIR) grants. Louisiana also offers tax credits for technology expenditures and capital items, and the Louisiana Workforce Commission provides funding for the training of workers in technology industries.

"We believe that the potential for economic growth through investment in sustainable businesses in Louisiana is extraordinary," Managing Partner Walter Schindler stated. "SAIL is inspired to play a leading role in the growth of cleantech business in the state and have a positive impact on continued rebuilding efforts and economic growth."

Managing Partner R. Foster Duncan stated, "The fund has vast potential to accelerate Louisiana's push toward positively impacting business enterprises that embrace sustainability and environmental stewardship while providing our investors with attractive, conservative returns."


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