Stanford Venture Capital Holdings has announced it has committed to invest US$10 million in AquAgro Fund L.P., a venture capital fund formed to focus on Israel’s water, agriculture and clean-tech technology businesses.
AquAgro Fund aims to generate substantial long-term capital appreciation through private equity and equity-related investments in high-potential Israeli companies. The fund invests primarily in the water-related technology field, which encompasses desalination, filtering, water recycling, computerized irrigation management and control, automated irrigation, and the efficient use of recycled water for agriculture and industry, according to a release.
AquAgro Fund is managed by Mr. Hillel Milo, a veteran of the Israeli venture capital industry.
The investment is one of several capital commitments to the Israeli market announced recently by Stanford Financial Group, the parent company of Stanford Venture Capital Holdings. Stanford Financial Group is a privately held global network of financial services companies, offering private wealth management and investment banking for institutions and emerging growth companies. Stanford Financial has more than US$43 billion in assets under management and advisement, with offices in 11 countries around the world.
Tal Kimmel, Stanford’s Senior Vice President of Merchant Banking, who heads Stanford’s investment activities in the Israeli market, said "Israel is a hotbed for innovative technology and the Israeli market presents many compelling investment opportunities in the hi-tech and clean-tech sectors. By leveraging Stanford Financial’s significant research acumen in these sectors, we have been actively investing in Israel and expect to continue as a significant investor in the years ahead."
About Stanford Financial Group
Stanford Financial Group is a privately held global network of independent, affiliated financial services companies led by Chairman and CEO Sir Allen Stanford. The first Stanford company was founded by his grandfather, Lodis B. Stanford in 1932. Stanford’s core businesses are private wealth management and investment banking for institutions and emerging growth companies.
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