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Nanotech Hedge Fund Investor Up $3.58 Million In 2010

New York (Hedge Co.net) – Frankfurt-based nanotechnology investment company Nanostart AG reports the biggest profit in its company history. Net income under German GAAP totaled €2.48 million ($3.58 million), up 106 percent on the previous year (2009: €1.2 million ($1.7 millon).

The shares of Nanostart Singapore Early Stage Venture Fund I in the Curiox Biosystems holding were sold in 2010. The transaction proceeds were plowed back into the fund and will be invested in new nanotechnology holdings in Singapore.

Via Nanostart Singapore Early Stage Venture Fund I, a new equity investment was entered into at Singaporean company Microlight Sensors Pte Ltd in 2010. Founded in 2006, the company develops, produces and sells optical high-tech monitoring systems with extremely sensitive sensors. The fund holds around 19 percent of Microlight Sensors. In addition, Nanostart AG increased its stake in German Namos GmbH from 15 to 26 percent and the shareholding of the Singapore fund in Singaporean medical technology company BioMers Pte Ltd from 16 to around 25 percent.

“A further equity investment has been entered into via the Singapore hedge fund in the 2011 fiscal year.” Nanostart said, “The new portfolio company is called Membrane Instruments and Technology Pte Ltd (MINT) and develops membrane-based sensors that monitor water quality in water treatment plants in real time. The fund holds 18 percent of MINT.”

Nanostart will also be entering the Russian market in the current fiscal year. A €50 million ($72 million) fund is being created in conjunction with Russian company RUSNANO and the governor of Perm. It will invest in young nanotechnology companies in the Perm region and will be managed by Nanostart. Nanostart will receive a management fee of 3 percent p.a. on the fund volume for this.

Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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