I2BF, the clean technology asset management group, has announced opening an office at the Dubai International Financial Centre.
Founded in 2005 by Ilya Golubovich in Silicon Valley, I2BF has over $110 million in assets under management across its venture capital fund I2BF Holdings I and its quantitative long/short hedge fund I2BF Arbat Clean Technology Fund.
More details follows
I2BF, the clean technology asset management group, has today announced that it has been granted a licence as an authorised firm by the Dubai Financial Services Authority, and has opened its office at the Dubai International Financial Centre.
Founded in 2005 by Ilya Golubovich in Silicon Valley, I2BF has over $110 million in AUM across its flagship venture capital fund I2BF Holdings I and its quantitative long/short hedge fund I2BF Arbat Clean Technology Fund. In 2010 it announced the launch of two further venture funds - I2BF Venture Fund II and VTB-I2BF Venture Fund.
The former aims to raise $100m for investments in renewables, energy efficiency and storage technologies, industrial processes and technologies, and water use and purification technologies. I2BF already has offices in London, New York and Moscow.
The new office in Dubai will be headed by Nizar Hachem, a partner at I2BF who has extensive experience throughout the Middle East.
On the subject of the new office opening, Nizar commented: "We at I2BF are delighted to have extended our global office network into the Gulf, where we believe there are exciting opportunities for further investment in clean technologies. Governments in the MENA region have moved to embrace renewable energy, as the region has a great potential for exporting renewable energy."
Ilya Golubovich, Founding Partner, added: "I2BF is an international firm with a global focus. Opening an office in Dubai reflects our determination to invest further in the region. Nizar Hachem is the perfect person to lead the new office as he is a well-connected investment professional, with a strong track record in the Middle East."
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