Yellowstone Capital Partners, LLC announced the final closing of its US$10 million fund, Yellowstone Energy Ventures, L.P., effective September 30, 2005. The fund is a private equity investment partnership focused on early stage companies in the energy technology and renewable energy sectors.
Yellowstone Energy Ventures, L.P. is targeting investments in renewable energy and alternative energy technology opportunities. These include clean coal related technologies, wind power, energy storage devices, distributed power generation equipment, fuel cell technology, hydrogen production and solar power.
Mr. Omar Sawaf, President of Yellowstone said, “In October 2004, when we started the fund, we concluded that the outlook for new energy sources and technologies was very promising. Strong global demand and economic growth in virtually every region combined with high capacity utilization and depleting supplies for fossil fuels, have combined to close the economic gap between fossil fuels and renewables. In addition, improving technologies and efficiencies of alternatives technologies, especially in wind energy, solar photovoltaic and fuel cells continue their positive trend. Anticipated increases in government intervention and incentives to reduce dependence on imported crude oil on the one hand and environmental consideration on the other increase the likelihood and shorten the time frame to make this segment of the energy sector an attractive and unique opportunity for long term investors.”
Mr. Sawaf continued by saying, “Today, we announce the final closing of the fund and report that we made six investments to date during our first year, including the funding of Fideris, Protonex and Solaris Nanoscience.”
Yellowstone Capital Partners, LLC, headquartered in Houston, TX, is a merchant bank specializing in the energy, life science and food industries. Yellowstone combines financial expertise with operating experience to form a unique private equity firm committed to building businesses.
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