MaRS Cleantech Fund LP
Last updated 13 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / Canada (18)
The MaRS Cleantech Fund LP invests in early-stage, high-impact Cleantech companies from the MaRS Cleantech pipeline. Our partnership with MaRS ushers in a new model of public/private partnerships that enables a unique model of technology investing. MaRS is one of the largest innovation centers in the world at 1.5 million sq ft in downtown Toronto, and the MaRS Cleantech Practice is well-recognized as Canada's strongest source of Cleantech dealflow. The fund management team has strong entrepreneurial backgrounds, and targets capital efficient companies with strong intellectual property, global opportunities and strong management teams.We target companies that can move the needle on key environmental indicators (low-carbon energy production and efficiency, biofuels, Smartgrid, waste recycling), but who can do it in the market today without policy support. The Fund managers play a strong and active role in building the company.
The Fund intends to invest in early-stage, high-impact companies across the Cleantech spectrum up to a maximum of three million dollars ($3,000,000) in each portfolio investment, including follow-on investments. Investments will be distributed across a diversified portfolio of early stage Cleantech companies. The Fund will focus, but not limit, its investing to MaRS clients that the Investment Managers determine have the greatest market potential. MaRS has indicated its willingness to introduce the Fund and the Investment Managers to its Cleantech clients, and to assist with the process of completing capital investments by the Fund in these clients.
of track record
the year funded
Expand and upgrade energy services for developing countries
Key performance indicators
Asset manager: MaRS Cleantech Fund
Product track record: Fund has 11 years of track record
Target IRR: 30%
Committed Capital: 20,000,000 CAD (Canadian Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Canada
Product status: Open - post first close
Style/Stage: Early Stage
Inception year: 2012
Vintage year: 2012
Target region: Canada, Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
Target close date: 01/07/2012
Product term: 8 year term
Assets under management: 30,000,000 CAD (Canadian Dollar)
Investment size: Min: 500,000; Max: 3,000,000; Avg: 1,500,000
Co-investment policy: LPs do not have priority, With LPs and non-LPs
Currency of investments: CAD (Canadian Dollar)
Currency for fund / product figures: CAD (Canadian Dollar)
Fund investments to date: 2
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 6%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office
Phone number: 416 673 8416
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Cleantech companies that move the needle on carbon mitigation and resource sustainability. Our target indicators are carbon mitigation and waste recycling. We invest in low-carbon infrastructure (biofuels, renewable energy production, energy storage, energy efficiency, SmartGrid) and materials reclamation. We do not invest in companies that require policy support, rather those that have a strong value proposition in current market conditions. We also target a key market-funding gap, that of early-stage technology venture investing up to $3 million.