With the publication of its report in January 2007, Cleantech: A New Engine of Economic Growth for New York State, the Investment Fund began focusing on investments in the burgeoning clean technology or “cleantech” sector (i.e. energy management, alternative energy, sustainable materials, air and water technologies). NYCIF’s objective is to encourage cleantech companies to launch and grow their businesses in New York—and not just to sell their products here. In addition, the Fund is interested in those companies or projects that help meet some of the energy, emissions reductions and air/water quality goals laid out in Mayor Bloomberg’s PlaNYC 2030. NYCIF was an investor in CPower, Inc., which offers demand response and other energy management services and was acquired by Constellation Energy in 2010.

Sector investments include:

Solar Energy Systems Holding, Inc.
OwnEnergy, Inc.
US Energy Group, Inc.

NYCIF is a partner in The New York City Accelerator for a Clean and Renewable Economy (NYC ACRE), which is focused on growing an ecosystem of entrepreneurs, international companies, and innovative local businesses that are providing solutions to climate and energy issues while creating jobs in NYC. Other partners include NYU-Polytechnic, the New York City Economic Development Corporation, Columbia University and the Pratt Institute.

NYC ACRE is seeded by a four year, $1.6M grant from the New York State Energy and Research Development Authority (NYSERDA).

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John Cavalier*
Hudson Clean Energy Partners

Rebecca Craft
Con Edison

Stuart Ellman
RRE Ventures

Gisele Everett
DB Masdar Clean Tech Fund

Jesse M. Fink
Mission Point Capital Partners

Gary Fromer
Constellation Energy

Kevin Genieser
Morgan Stanley

John Gilbert
Rudin Management Company, Inc.

Ron Gonen
Columbia Business School

David Hartman
Siemens Corporation

Paul Ho
Hudson Clean Energy Partners

Richard L. Kauffman
John Kuberra
Enerdyne Corp.

Richard A. Lechner
IBM Corporation

Ann Li
New York City Economic Development Corporation

Marc Lipschultz
Kohlberg Kravis Roberts & Co.

Joseph G. Michels
One Equity Partners

John Reese
US Power Generating Company

Theodore Roosevelt
Barclays Capital

Joshua Ruch
Rho Capital Partners, Inc.

Heather Smith
Greentech Capital Advisors

Neil Suslak
Braemar Energy

Bruce M. Usher
Columbia Business School

Pamela Venzke
General Electric

* Sector Group

©2012New York City Investment Fund, One Battery Park Plaza, 5th Floor, New York, NY 212-493-7548
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The New York City Investment Fund is a private fund with a civic mission.