CAMBRIDGE, Mass.--(BUSINESS WIRE)--The formation of C Change Investments, LLC was announced by its co-founder and Chief Executive Officer, Russell Read. He is the former Chief Investment Officer of CalPERS, where he successfully transitioned America’s largest pension fund toward clean technology and environmental investments.
The firm’s focus will be on investments that address global challenges in natural resource consumption and energy demand, while protecting the environment. It aims to set itself apart from other investment companies by being an active technology development and scale-up partner to the venture capital community.
“We intend to play a key role in identifying, developing and deploying innovative clean energy technologies, new construction techniques to conserve energy, and advanced materials as well as insightful strategies for managing renewable resources,” said Read.
C Change was co-founded by John Preston, the former director of MIT Technology Development and a recognized expert in technology commercialization. He is leading the firm’s efforts to source and develop an array of clean energy and natural resource technologies.
The teaming of Read and Preston represents a unique partnership in assessing the viability of game-changing bench-scale discoveries through the experience of transformative technology commercialization and financing.
In focusing on the development through deployment of clean technologies, C Change management and advisors will rely on extensive ties with leading research institutions including MIT, Harvard, UC Berkeley and Stanford. Strategic relationships have already been established with companies that are developing or deploying transformative technologies.
“We believe that these relationships further differentiate C Change from other funds and reflect the firm’s capability to single out promising innovations which will have substantial environmental benefits and lasting value,” said Preston.
It was also announced today that one such relationship involves a collaboration between C Change, Bio Medical City, Inc of Korea and two Korean government agencies to develop a first-of-a-kind ecologically sustainable Medical Science Green City to be located within Sejong, which is to become the new administrative capital of Korea.
The Medical Science Green City is expected to include a complex of world-class schools, medical facilities and leisure sports facilities. The $3 billion project is part of a mammoth effort to build a highly efficient, near-zero carbon emission new capital to relocate Korea’s national government office buildings.
In this collaboration, C Change will play a key role in project financing and catalyzing clean technology, green building and biomedical technology transfers in the proposed complex.
“Our participation in this project brings to bear the firm’s capability in deploying clean technologies for what we hope will be a transformational city. It also highlights that we intend to be a global player,” said Read.
Further information regarding C Change Investments can be found at www.cchangeinvestments.com