Monday, October 6, 2008

Bronfman and Gillerman set up new cleantech fund

Former Israeli ambassador to the United Nations Dan Gillerman and Canadian-American businessman Matthew Bronfman have set up a new fund in Israel to invest in alternative energy, water and agriculture, according to reports in Reuters and Globes.

The private equity fund is named the "Israel Opportunity Fund" and will invest in Israel and other regions. Gillerman, who will serve as chairman, explained that the fund would consider investments in "firms that operate in markets where Israel has advantages, such as Eastern Europe."

Bronfman is already an active investor in Israel, with stakes in Israel Discount Bank Ltd., Shufersal Ltd. and IKEA Israel.

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