1. Masdar Venture Capital: Making Finance
Accessible to Clean Technology Companies
Alexander O’Cinneide, Fund Manager
2. Masdar Venture Capital
• This unit is tasked with building a portfolio of companies through investing
Masdar’s capital alongside our partners.
We do this to:
-Earn strong returns from investing in mid-to-late stage clean tech companies that
are addressing climate change through the development and use of clean
technologies
-Support and monetize on solution-oriented technologies that address energy
security, climate change, and global sustainable development
-Promote thought leadership and innovation in resource conservation and clean
technologies
3. Investment Opportunities
• What we look for when looking at investments
Regulatory Certainty
Opportunities Driven
by Industry Logic
Geographic
Expansion
Exit Options (3-5 yrs)
Technology
Experienced, hands-on team with proven management capabilityManagement Quality
Propriety and protected (ideally international patents) technology with
potential for large-scale application
Demonstrated superior performance; disruptive possibilities
Reasonable certainty around stable regulatory environment
Fragmented market (leading to consolidation)
Potential for scale benefits or vertical integration
Seek opportunities for geographic expansion of investee companies
Multiple exit options/timeframes possible via an IPO, natural owners and
secondary buyers
4. Environmental Protection
•
Land conservation
•
Environmental restoration
•
Timberland
•
Forestry
•
Sea defenses
Clean tech Innovation
•
Infrastructure management
•
Supply chain management
Power Storage Technology
•
Battery technology
•
Fuel cells
Transport and Sustainable
Biofuels
•
Low carbon transportation
•
Bio-diesel, ethanol
Environmental Resource
Water
•
Desalination/purification
•
Wastewater treatment
•
Distribution and management
Agriculture
•
Irrigation innovation
•
Clean pesticides
•
Consumer food purity
•
Seeds
Waste Management
•
Recycling
•
Toxin management
•
Waste-to-Energy
•
Land remediation
Energy and Material Efficiency
Advanced Materials
•
Advanced coatings
•
Lightweight substitutes
•
Solvents and biodegradables
Building Efficiency
•
Building management
include green data centre
mgmt
•
Heating and cooling systems
•
Lighting systems
•
Insulation
•
Micro generation/micro CHP
Power Grid Efficiency
•
Transmission (including
smart grids)
•
Smart metering
•
Storage
•
Infrastructure
Environmental Services
Business Services
•
Insurance
•
Logistics
•
Green focused banking
•
Microfinance
•
Consultancy/advisory
•
Intellectual property
Our Investment Universe
Primary investment target Secondary investment target
Power Generation
•
Solar
•
Wind
•
Clean coal (sequestration,
infrastructure)
•
Other clean power generation
(geothermal, hydro, biomass,
wave/tidal, methane capture)
Clean Energy
Environmental
Resource
Energy and
Material Efficiency
Environmental
Services
5. Current Business of Masdar Venture
Capital
Masdar Clean Tech Fund
(“1st Fund”)
• $250m fund Partnership with
-Credit Suisse
-Consensus Business Group
-Siemens
• $5 – 20m investment ticket size in
companies with promising technology
and defendable IP
• Current Investments range from Solar
Thin-Film to Waste-to-Energy and
Water Purification
• Investments range from early stage to
late stage Pre-IPO investments
• Established in January 2010, raising
$500-750m, first close recently
completed at $265m
• General Partners: Masdar and
Deutsche Bank
• Limited Partners: Siemens,
Development Bank of Japan, GE,
Nippon Oil, Inpex, JBIC
• Similar Investment targets to our first
fund
Masdar Clean Tech Fund
(“2nd Fund”)
6. Masdar Clean Tech Fund I
• Masdar Clean Tech Fund I is a $250 million diversified venture
capital investment vehicle that has built a portfolio of direct and joint
venture investments in clean technology as well as investments in
select clean technology funds. The fund was founded by ADFEC in
2006
• Masdar Clean Tech Fund is made up of investments from the
following:
7. Investment Distribution
• The Fund is investing approximately $205 million in direct investments in clean
tech companies sourced by the Fund and co-investments alongside fund
managers. The remaining $45 million is invested in leading funds focusing on
cutting-edge clean technology
9. DB Masdar Clean Tech Fund
• Masdar Clean Tech Fund II will be a $500-$750 million venture capital
investment vehicle. The fund announced the first close of $265 million in
January 2010 and look forward to deploying capital in building a pipeline in
various sectors with a diversified regional focus
• DB Masdar Clean Tech Fund is a made-up of commitments from the following,
as well as select financial and strategic partners from Asia and Europe:
10. Masdar Venture Capital Funds Looking
Forward
• Through Masdar Venture Capital, Masdar will continue to develop and manage
funds
• Masdar is committed to being a leader in the management of venture funds
focused on the Advanced Energy and Sustainability sector
• It is the intention for these family of funds to provide Masdar with access to
technology, projects and large enterprises which the Government of Abu Dhabi
can utilize and develop
