Korea Picks C Change for $130M Fund

Ryan McBride3/18/09

C Change Investments Management, a Cambridge, MA, firm focused on the clean technology sector, says that the Republic of Korea has selected the group to co-manage its new $130 million Green Growth Fund. Korea Investments & Securities, a financial company based in Seoul, will also manage the government-backed fund. C Change, which announced its own launch last November, states that the fund is slated to begin acitites in June and will make equity investments in projects and companies around the world to stimulate economic growth in Korea with cleantech-related manufacturing, product deployments, and construction in the country.