SAM to manage Ontario Power VC port

SAM Private Equity has been awarded the management of the direct venture capital portfolio of Ontario Power Generation (OPG). The portfolio, consisting of nine direct energy technology investments based in North America and Europe and held by OPG Ventures Inc, OPG's venture capital subsidiary, has a total volume of about $40m. In the course of this transaction, two OPG Ventures professionals - Peter Crombie and Scott MacDonald - joined SAM Private Equity to further strengthen its North American presence. The fact that SAM Private Equity won the bidding process underlines its competence and leading profile in this space.The private equity arm of Zurich/Switzerland-based SAM Sustainable Asset Management AG is a pioneer and leader in cleantech venture capital with over E120m under management. The agreement with OPG, which enables SAM to significantly expand its position in North America, comes only a few months after having been awarded the management of the direct energy venture portfolio of the Caisse de Dépot et Placement du Québec (CDP). The OPG portfolio is comprised of nine start-up and expansion stage companies in the emerging energy technology sector: Angstrom Power Inc (BC, Canada), Encorp Inc (CO,US), NxtPhase T&D Corporation (BC, Canada), RuggedCom Inc (ON, Canada), SmartSynch Inc (MS, US), SoftSwitching Technologies Corporation (WI, US), Solena (DC,US), Solicore Inc (FL, US) and Enginion AG (Germany).

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• DACH