Armstrong’s cleantech breakthrough
When it took its maiden Southeast Asia Clean Energy Fund on the road mid 2011, Armstrong Asset Management was sailing into unchartered waters. While there have been other renewable energy funds active in the region, many have benefited from either a broader geographic or sector focus.
"There was no benchmark for private equity in dedicated clean energy funds for Southeast Asia," says Andrew Affleck, Armstrong's managing partner, speaking of initial challenges in raising the fund. "Investors...
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