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From Kirsten Bischoff, Opalesque New York: Jason Gold’s newest fund, the Aurarian Capital Clean Energy Asset Based Lending Fund, will launch on January 30, 2009 the firm told Opalesque. Gold, who was named one of 2008’s Top 20 Rising Stars of Hedge Funds by Institutional Investor News and Kent Larsen, co-author of the 2007 Farm Bill will be co-portfolio managers.

The hedge fund industry has suffered redemptions across the board (approximately $130 billion in November alone), but Aurarian has seen its launch target for the Fund rise from an initial goal of $60-80 million and now expects to launch with more than $100m.

The National Renewable Energy Laboratory, which is a US Department of Energy lab, recently released research on the hurdles in transitioning from public to private sector financing. This transition is still in its earliest stages, and the report finds that without capital most of the nation’s most promising energy entrepreneurs will fail.

The great need for funding during this transition time in the alternative energy industry also holds the promise of great opportunity for those first to on the scene. As Aurarian raised funds for the previous October launch date, market turmoil resulted the emergence of a larger deal pipeline and because of the “project financing model” the fund will use (see previous Opalesque coverage: ......................

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