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AltAssets: Coller Capital acquires 45 per cent stake in Shell Technology Ventures Fund I

05/04/2007

Royal Dutch Shell has sold 45 per cent of the newly created Shell Technology Ventures Fund I, an independent energy technology fund, to secondaries specialist Coller Capital. Shell will remain the majority shareholder in the fund.

The new fund will consist of Shell Technology Ventures’ existing portfolio of 34 technology investments. Shell Technology Ventures invests in companies developing technologies for the oil and gas industry.

Jeremy Coller, CEO of Coller Capital, said, ‘Many investors consciously avoid venture capital, but we have always been enthusiasts and have created fruitful partnerships with many of the world’s leading technology players. Shell has an outstanding, globally recognised, R&D capability and we believe that, through this joint venture, we will be able to help them strengthen their lead in technologies for the energy sector.’

Coller Capital has approximately $8bn under management.

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