Company: RockPort Capital
Boston, MA – January 18, 2006 – RockPort Capital Partners announced the close of its second venture capital fund, RockPort Capital Partners II, L.P., with commitments of $261.15 million. RockPort is recognized as a leading firm in the rapidly expanding sectors of Energy and Power Technologies, Advanced Materials and Process and Prevention Technologies. RockPort’s Fund II will make early, mid and later-stage investments, and continue to be active on the boards of its portfolio companies.
Founded in 2001, RockPort Capital Partners brings together a seasoned group of partners who collectively have over 90 years of experience in its investment sectors. Managing General Partners William James and David Prend are joined by General Partners Alexander Ellis, Chuck McDermott, Todd Wilson and Janet James in combining extensive entrepreneurial, investment and management experience to create a broad and multi-dimensional investment approach. From its founding the firm has pioneered a distinctive investment strategy that seeks to exploit revolutionary materials or technologies that offer outstanding value propositions for large U.S. and global industries, such as water, power, energy, lighting, transportation, building products, aerospace and the military.
To date, RockPort’s first fund of $125 million has invested in 18 companies in all of those sectors, including Evergreen Solar, Aspen Aerogels, Catalytic Solutions, Lilliputian Systems, Powerspan, Pionetics, CerOx, Davidson Instruments, Renaissance Lighting and Comverge Corporation among others. RockPort’s diverse investment experience across its targeted sectors uniquely positions the fund to have access to many emerging companies with exciting new technologies.
RockPort’s new investors include endowments, foundations, pension funds, family offices and funds of funds (www.rockportcap.com).