TEL AVIV, Israel, Jan. 28 /PRNewswire/ -- Stanford Venture Capital
Holdings has announced it has committed to invest $10 million in AquAgro
Fund L.P., a venture capital fund formed to focus on Israel's innovative
water, agriculture and clean-tech technology businesses.
AquAgro Fund aims to generate substantial long-term capital
appreciation through private equity and equity-related investments in
high-potential Israeli companies. The fund invests primarily in the
water-related technology field, which encompasses desalination, filtering,
water recycling, computerized irrigation management and control, automated
irrigation, and the efficient use of recycled water for agriculture and
industry. AquAgro Fund is managed by Mr. Hillel Milo, a highly regarded
veteran of the Israeli venture capital industry.
The investment is one of several capital commitments to the Israeli
market announced recently by Stanford Financial Group, the parent company
of Stanford Venture Capital Holdings. Stanford Financial Group is a
privately held global network of financial services companies, offering
private wealth management and investment banking for institutions and
emerging growth companies. Stanford Financial has more than $43 billion in
assets under management and advisement, with offices in 11 countries around
the world.
Tal Kimmel, Stanford's Senior Vice President of Merchant Banking, who
heads Stanford's investment activities in the Israeli market, said "Israel
is a hotbed for innovative technology and the Israeli market presents many
compelling investment opportunities in the hi-tech and clean-tech sectors.
By leveraging Stanford Financial's significant research acumen in these
sectors, we have been actively investing in Israel and expect to continue
as a significant investor in the years ahead."
Mr. Hillel Milo, Managing Partner of the AquAgro Fund added: "In
Stanford we have a strategic partner that really understands the Israeli
market and the exciting investment opportunities it presents. We look
forward to working together closely as Israel's water and clean-tech
technology evolves."
Stanford Financial Group has considerable expertise in the water
industry and employs one of the sector's leading research analysts,
Francesca McCann; it also hosts an annual water conference which has become
one of the industry's most anticipated events. Stanford Financial also
offers private- banking services in Israel.
About Stanford Financial Group
Stanford Financial Group is a privately held global network of
independent, affiliated financial services companies led by Chairman and
CEO Sir Allen Stanford. The first Stanford company was founded by his
grandfather, Lodis B. Stanford in 1932. Stanford's core businesses are
private wealth management and investment banking for institutions and
emerging growth companies.
The Stanford Financial Group of companies provides private and
institutional investors with global expertise in asset allocation
strategies, investment advisory services, award-winning policy and equity
research, international private banking and trust administration,
commercial banking, investment banking, merchant banking, institutional
sales and trading, real estate investment and insurance. Stanford has over
$43 billion in assets under management or advisement. Stanford Financial
has made it a priority to invest in the communities in which it operates
across the globe through signature corporate philanthropy initiatives with
nonprofit organizations such as St. Jude Children's Research Hospital and
countless local and national charities that strengthen communities.
Securities products and services in the United States are offered
through Stanford Group Company, member FINRA/SIPC. Stanford Financial Group
is not a legal entity, but a registered trademark which encompasses the
global network of independent, but affiliated, privately held and wholly
owned entities. More information on the company can be found at
http://www.stanfordfinancial.com.
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