The 20-year life of this fund is very significant.
Every VC fund I know of is a ten year fund, which means they expect to invest the full fund and collect their return within 10 years. Which in practice means they actually want to get an exit in 5-7 years, ruling out much energy technology investment.
A 20 year fund adds 10 years to their time horizon, which will put many more energy technology investments within their "strike zone"
> The BEV fund, which has a 20-year duration, aims to invest in the commercialization of new technologies that reduce greenhouse-gas emissions
Every VC fund I know of is a ten year fund, which means they expect to invest the full fund and collect their return within 10 years. Which in practice means they actually want to get an exit in 5-7 years, ruling out much energy technology investment.
A 20 year fund adds 10 years to their time horizon, which will put many more energy technology investments within their "strike zone"
> The BEV fund, which has a 20-year duration, aims to invest in the commercialization of new technologies that reduce greenhouse-gas emissions