21 Apr '11, 7pm

New Greentech PE Firm, Silver Lake Kraftwerk, Opens Up: Cathy Zoi made her first civilian appearance today. Z...

New Greentech PE Firm, Silver Lake Kraftwerk, Opens Up: Cathy Zoi made her first civilian appearance today. Z...

Cathy Zoi made her first civilian appearance today. Zoi, the former Acting Undersecretary for Energy and the Assistant Secretary for Energy Efficiency and Renewable Energy, U.S. Department of Energy, left the government to join the George Soros-funded Silverlake Kraftwerk private equity fund . She spoke today at the GigaOm GreenNet event in San Francisco, California along with fellow fund director Adam Grosser, formerly of Foundation Capital. It's the largest commitment to an outside vehicle from the Soros fortune . Grosser led off by saying. "When we sat down it was so apparent to us that there was an opportunity that was incredibly underserved." Grosser remarked that after $50 billion invested in greentech, some unwisely, it was time to anoint the winners and "provide growth capital to companies that are close to self-sustaining -- that need a slug of investment to reach...

Full article: http://www.greentechmedia.com/articles/read/new-greentech...

Tweets