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Cool Planet racks up $100 mln

Cool Planet Energy Systems has raised $100 million in Series D financing. The private placement was led by UBS and Goldman Sachs. North Bridge Venture Partners and Concord Energy were the lead investors. Also participating in the round were return backers BP, Energy Technology Ventures, Google Ventures and the constellation division of Exelon. Based in Camarillo, Calif., Cool Planet Energy Systems is a provider of solutions that convert non-food biomass into gasoline through mechanical and chemical processes.

UBS asset management head retires – Reuters

UBS said its operations chief Ulrich Koerner would run its asset management arm when its head retires next year, writes Reuters. The Swiss bank said Koerner would hold onto his job as head of Europe, the Middle East and Africa but would no longer be head of operations from January 1, when he replaces John Fraser as chief executive of asset management. In turn, the operations role will go to finance chief Tom Naratil, who adds it to his existing brief, writes Reuters.

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Energy Capital Gears Up For Fund III; To Offer European Waterfall

Energy Capital Partners, which has raised more than $8 billion for investments in the North American energy market, plans to launch its third core fund this year targeting in the neighborhood of $4.3 billion and offering an LP-friendly distribution waterfall, a source close to the fund told sister magazine Buyouts. Expect a formal unveiling as early as this summer.

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