I2BF Consolidates Position as a Global Leader in Cleantech Investment with New York Office Opening and Team Expansion

NEW YORK, October 19, 2010 /PRNewswire/ -- I2BF, the international clean technology asset management group, has further strengthened its presence in the US by opening an office in New York through its wholly-owned subsidiary I2BF, LLC.

Originally founded by Ilya Golubovich in Silicon Valley on the West Coast, I2BF has USD 100 million in AUM across its flagship I2BF Holdings I, a VC fund which had a first close in 2006, and the I2BF Arbat Clean Technology Fund, a hedge fund launched in 2008. The former has several investments in the US market including second generation biofuels, solar, and wind.

I2BF also has offices in London and Moscow, with an office planned in Dubai, reflecting the global reach of the company and its investment philosophy. David Waserstein, Director of Investments, will head up I2BF, LLC and its New York office, with an aim to provide local support for I2BF's efforts with both prominent investors, and breakthrough technology companies in the Americas.

"This expansion marks a logical and critical next step in the evolution of the firm and demonstrates I2BF's continuing commitment to the US market as investors," said Waserstein.

In addition to the office opening, I2BF has appointed Mike Lousteau as General Counsel. Mike joins the company from Wilson Sonsini Goodrich & Rosati, P.C. a leading Silicon Valley law firm, where he worked with investors and companies on numerous venture capital, merger and acquisition and public offering transactions within alternative energy and cleantech, software and SaaS, retail, networking, semiconductors, consumer internet and biotechnology.

Lousteau stated, "I2BF is a truly international organisation which looks for global solutions to fundamental disconnects in the energy markets. I am pleased to be part of a dynamic and entrepreneurial company and to help with the development of I2BF, LLC and the New York office, particularly as the US is at the forefront of developing new technologies."

Ilya Golubovich, Founding Partner, added: "Establishing I2BF, LLC in New York and appointing Mike as our General Counsel will allow I2BF to enhance its participation in the US cleantech market and in the Americas more broadly. The current market conditions make it an excellent time to invest in clean technologies and these look to continue."

SOURCE I2BF

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