Advantage to launch regional energy fund
Advantage Capital Partners, a venture capital firm with an office in Clayton, hopes to raise $50 million to invest in alternative-energy companies in Missouri and Illinois. R. Foster Duncan, a managing director of Advantage, mentioned the new fund Friday at the Missouri Venture Forum. He said the firm expects to start raising money for the fund in the next few weeks. It would take advantage of both general venture-capital incentives, such as state and federal New Markets tax credits, and of specific energy incentives contained in the federal stimulus package.
Duncan, who recently joined Advantage from Kohlberg Kravis Roberts, said the fund would primarily invest in energy-technology companies, but might also find opportunities in solar and wind-power generation. He said he’s already seen some technologies in the region “that are recently interesting.”
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
