PCG Asset Management

About: PCG Asset Management is an independent provider of private equity management and advisory services. The firm provides customized solutions to institutional investors, including some of the world’s largest public pension funds, through advisory and discretionary arrangements. PCG AM has deployed $40 billion globally since inception, through private equity fund, direct and co-investments. PCG AM operates globally through offices in San Diego, Boston, New York, and Singapore.

www.pcgam.com

Key Personnel:
David Fann, President & CEO
Michelle Davidson, Managing Director
Mark Nydam, Managing Director
Jean-Noël Odier, Managing Director

Portfolio:
PCG Clean Energy & Technology Fund is a sector-focused commingled fund-of-funds and co-investment fund targeting the global clean energy and technology value chain:
Fat Spaniel Technologies, Odersun, Range Fuels, ReliOn, SpectraWatt.
I add other companies from the Cleantech Group 2008 report: SolarReserve, Allied Resource Corp.
PCG AM has been actively involved in the clean energy and technology sector since 2005 when it was selected as the Investment Advisor to the CalPERS Environmental Technology Program.

News: In April 2009, PCG AM teamed up with KPCEVI and the CalCEF Clean Energy Angel Fund to create the Cleantech Angel Network of Networks. Partners at Kuwait Petroleum Energy Ventures Inc. (KPCEVI), CalCEF Clean Energy Angel Fund (CalCEF), and Keiretsu Forum’s Cleantech Investment Committee signed a memorandum of understanding to undertake a strategic partnership in cleantech angel investing. The launch of this alliance between three prominent cleantech angel investment partners is intended to create a critical mass of much-needed early-stage funds for the increasing number of clean technology entrepreneurs and innovators.

In September 2008, Jean-Noël Odier was hired to expand PCG Asset Management’s international business development. Jean-Noël Odier joined the firm as a Managing Director and now oversees the new office in Singapore opened in January 2009 to service clients in Asia, Middle East and Australia. “PCG AM is among the first global private equity firms of its kind to establish a physical presence in Asia-Pacific,” said Jean-Noël Odier.

In Sep 2008, SolarReserve, a developer of utility scale renewable energy solar power plants, announced today that it has closed a second round of funding totaling $140 million. The additional funds will enable the company to advance its development of more than 5,000 megawatts (MW) of utility scale power plants in locations across the globe, each ranging in size from 50MW to 300MW. The financing was led by the renewable energy private equity group within Citi Alternative Investments, Sustainable Development Investments (SDI), and Good Energies, one of the largest private investors in the solar industry. Other investors include US Renewables Group, the founding investor in SolarReserve, along with PCG Clean Energy & Technology Fund (CETF), Nimes Capital, LLC and Credit Suisse.

In Feb 2008, Odersun AG, a leading developer and manufacturer of flexible thin-film CIS solar cells, modules and applications for power plants and building integrated solutions (BiPV), announced today that it has secured €61 million ($90 million) of funding, including €40 million from a Series B financing round and an additional €21 million in grants from the federal state of Brandenburg, to build its second factory SunTwo. The financing was led by Virgin Green Fund (US/UK) with participation from PCG Clean Energy & Technology Fund (US) and AGF Private Equity (a member of Allianz Group, France), in addition to existing investors Doughty Hanson Technology Ventures (UK) and Advanced Technology & Materials (China).

About Pacific Corporate Group: A model of longevity, Pacific Corporate Group (PCG) was one of the first firms to provide comprehensive private equity investment advisory services to sophisticated institutional investors. Over the past eighteen years, PCG has emerged as a leader in the private equity industry and continues to focus exclusively on alternative investments. Pacific Corporate Group was founded in 1979 as a research-driven private equity investment firm. PCG’s public pension fund advisory experience dates back to 1989, when it was retained exclusively by CalPERS to design and implement the system’s inaugural Alternative Investment Management Program. Pacific Corporate Group is headquartered in La Jolla, California. In 2007, PCG reorganized into three operating subsidiaries to better serve the unique private equity needs of clients:
PCG Asset Management, LLC (PCG AM)
PCG Capital Partners, LLC (PCG CP)
PCG International LLC (PCGI)

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