In evaluating potential investment opportunities on a global basis, KPC EVI
places an emphasis on assessing an opportunity's long term strategic fit within
the targeted technology areas. In a parallel process, the KPC EVI team
evaluates the technology's potential impact on long-term oil use and its ability
to reach full-scale commercialization or grow its market share. Provided that
the company meets these investment criteria, the team then assesses whether
a targeted technology merits an equity investment.
As part of its overall strategy, KPC further takes into account the degree to
which it can add value and influence a company post its investment. For
example, by leveraging the resources of KPC's global oil franchise and
corresponding network, the KPC EVI team has been able to assist companies in
technology feasibility studies, product market assessments, and specific
strategic and operational initiatives.
KPC EVI is structured to pursue a combination of direct and indirect investment
opportunities across a range of early, mid or late stage technology companies.
Accordingly, KPC EVI has adopted a three-pronged investment approach which
leverages a combination of internal and external expertise and networks of
Strategic Partnership Fund-of-Funds – To date, KPC EVI has invested in six
leading clean technology and alternative energy venture capital managers
as a "strategic" limited partner. Through these relationships, the KPC team
has been able to leverage the experiences of and learning from its
managers while also generating a steady flow of indirect and coinvestment
opportunities in areas which meet KPC's technology profile.
Direct Investment Fund – KPC EVI is also deploying capital on a direct
basis through a more traditional corporate venture capital structure. KPC
EVI is sourcing and executing transactions across the globe as both a lead
investor or as a co-investor. This type of investment allows KPC EVI to
actively focus on a narrow sub-set of the clean technology industry.
Technology Innovation Fund – Recognizing the importance for funding
research, proof of concept and early stage opportunities that have yet to
reach the domain of venture capital involvement, KPC EVI also provides
small capital commitments to partnership institutions. These include
select universities, government laboratories and other research focused
entities. Through this initiative, KPC EVI maintains strategic relationship
with the Industrial Liaison Program of the Massachusetts Institute of