US family offices form syndicate to fund climate change solutions
New York
ROB Day wants to invest hundreds of millions of dollars in clean technology on behalf of a wealthy family without relying on Silicon Valley.
That's why his firm co-founded Cleantech Syndicate in 2010, a network of like-minded family offices, to find deals and share ideas. It's expanded to a dozen families who've invested about US$1.2 billion. That's not enough for Mr Day and the syndicate, who want to spend an additional US$1.4 billion in the next five years on alternative energy.
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