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  • 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 Management Quality Experienced, hands-on team with proven management capability Propriety and protected (ideally international patents) technology with Technology potential for large-scale application Demonstrated superior performance; disruptive possibilities Regulatory Certainty Reasonable certainty around stable regulatory environment Opportunities Driven Fragmented market (leading to consolidation) by Industry Logic Potential for scale benefits or vertical integration Geographic Seek opportunities for geographic expansion of investee companies Expansion Multiple exit options/timeframes possible via an IPO, natural owners and Exit Options (3-5 yrs) secondary buyers
  • 4. Our Investment Universe Environmental Environmental Resource Energy and Energy and Material Efficiency Environmental Environmental Services Clean Energy Resource Material Efficiency Services Power Generation Water Advanced Materials Environmental Protection • • • • Solar Desalination/purification Advanced coatings Land conservation • • • • Wind Wastewater treatment Lightweight substitutes Environmental restoration • • • • Clean coal (sequestration, Distribution and management Solvents and biodegradables Timberland • infrastructure) Forestry • • Other clean power generation Agriculture Sea defenses Building Efficiency (geothermal, hydro, biomass, wave/tidal, methane capture) • Irrigation innovation • Business Services Building management • Clean pesticides include green data centre Clean tech Innovation • Consumer food purity mgmt • Insurance • • Seeds • Heating and cooling systems Logistics • Infrastructure management • Lighting systems • Green focused banking • Supply chain management • Insulation • Microfinance Waste Management • • Micro generation/micro CHP Consultancy/advisory • • Power Storage Technology Recycling Power Grid Efficiency Intellectual property • Toxin management • • Battery technology Waste-to-Energy • Transmission (including • • Fuel cells Land remediation smart grids) • Smart metering • Transport and Sustainable Storage • Biofuels Infrastructure • Low carbon transportation • Bio-diesel, ethanol Primary investment target Secondary investment target
  • 5. Current Business of Masdar Venture Capital Masdar Clean Tech Fund Masdar Clean Tech Fund (“1st Fund”) (“2nd Fund”) • $250m fund Partnership with • Established in January 2010, raising - Credit Suisse $500-750m, first close recently - Consensus Business Group completed at $265m - Siemens • General Partners: Masdar and Deutsche Bank • $5 – 20m investment ticket size in companies with promising technology • Limited Partners: Siemens, and defendable IP Development Bank of Japan, GE, Nippon Oil, Inpex, JBIC • Current Investments range from Solar Thin-Film to Waste-to-Energy and • Similar Investment targets to our first Water Purification fund • Investments range from early stage to late stage Pre-IPO investments
  • 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
  • 8. Masdar Clean Tech Fund I Portfolio
  • 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