Craton Equity Partners Closes $191.5M Cleantech Fund

Los Angeles-based Craton Equity Partners said Wednesday that the firm has finalized on a third and final close of a new clean technology focused venture capital and private equity fund. The firm said that it has raised $191.5M for the fund, which first had a close in December of 2006. Craton Equity Partners was founded by Bob MacDonald and Tom Soto. The firm said it will focus on investing in small emerging growth companies in green building materials, renewable energy generation, alternative fuels, water remediation and management, and solid waste reduction and conversion technologies. John Gerson and Michael Lenard join MacDonald and Soto in managing the fund.