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    Tuesday, September 26, 2006

    NGEN Closes New Fund
    Santa Barbara-based NGEN Partners has closed a $180M venture capital fund. NGEN said late yesterday that the new fund was over-subscribed, and included both new and returning investors. NGEN invests in clean and sustainable technologies in the material science area. According to NGEN, the firm has already made several investments from the new fund, including SolFocus, Solaria, and Hycrete. The fund is a significant increase from the fund's prior fund, which was around $70M. NGEN said that because of the size of the new fund, it is also looking to expand its investment staff.
    posted on Tuesday, September 26, 2006 (Link to more information)

    Related stories:
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    > Morgan Stanley Buys Stake In Cleantech VC NGEN Partners
    > US Renewables Group Closes $475M Fund
    > Arcturus Capital Closes VC Fund

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