Bill Gates, TPG and Others Line up Big Dough for Breakthroughs

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Billionaire philanthropist and founder of Microsoft Bill Gates has formed a US$ 1 billion investment fund called Breakthrough Energy Ventures. This comes after Bill Gates, in November 2015, revealed a Breakthrough Energy Coalition of billionaires and business leaders who stated they were committed to investing in new forms of energy. The fund will invest in all forms of emissions-free energy, embarking on multiple-scenario approach. The fund is targeting a number of technologies to tackle greenhouse gas emissions in areas such as electricity, manufacturing, transportation, buildings and food. The fund aims to have a 20-year term, much longer than traditional venture capital or private equity fund terms. Bill Gates also wants to see ventures either show progress or quickly fail. A slate of global billionaires and investors have joined in. The fund also could work with corporate partners in the traditional energy space such as Total SA.

Here are the investors:

Investor Title Company / Relation Country Fund Board Member
Bill Gates Co-chair Bill & Melinda Gates Foundation United States Chairman
Mukesh Ambani Chairman and Managing Director Reliance Industries Limited India Board Member
Hasso Plattner Co-founder SAP SE Germany Board Member
Jack Ma Executive Chairman Alibaba Group China Board Member
John Arnold Co-chair Laura & John Arnold Foundation United States Board Member
John Doerr Chairman Kleiner Perkins Caufield & Byers United States Board Member
Vinod Khosla Founder Khosla Ventures United States Board Member
Chris Hohn Founder The Children’s Investment Fund United Kingdom  
Dustin Moskovitz & Cari Tuna Co-founders Good Ventures United States  
HRH Prince Alwaleed bin Talal Chairman Alwaleed Philanthropies Saudi Arabia  
Jeff Bezos Founder & CEO Amazon United States  
Julian Robertson Founder & Chairman Tiger Management United States  
Masayoshi Son Founder, Chairman & CEO SoftBank Group Corporation Japan  
Michael Bloomberg CEO Bloomberg LP United States  
Ms. Zhang Xin & Mr. Pan Shiyi Co-founder & CEO, Chairman SOHO China China  
Nat Simons & Laura Baxter-Simons Co-founders Prelude Ventures United States  
Patrice Motsepe Founder & Executive Chairman African Rainbow Minerals (ARM) South Africa  
Ray Dalio Founder Bridgewater Associates United States  
Reid Hoffman Co-founder LinkedIn United States  
Richard Branson Founder Virgin Group United Kingdom  
Xavier Niel Founder Illiad Group France

 

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