11.02.2010 - SBI to court SWFs in clean energy venture
From Businessweek.com: SBI Holdings Inc. plans to build on its $3 billion in private-equity investments with a venture capital fund to tap growth in Asian companies making advances in solar power, electricity-storage and water treatment. The fund expects to raise 30 billion yen ($330 million) this year from global investors including sovereign wealth funds such as Temasek Holdings Pte and Masdar Clean Tech Fund of Abu Dhabi, said Takashi Nakagawa, a director of Tokyo-based SBI. It will target an internal rate of return of 25 percent to 30 percent, Nakagawa, 46, said in an interview on Feb. 8........................................Full Article: Source
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