Monday, June 30, 2008

Prince Charles starts $2 billion eco-friendly property fund

England's royal family is doing it part to save the environment while also jumping into private equity, as Prince Charles is starting a £1 billion ($2 billion) property fund, dubbed Tellesma, to invest in eco-friendly projects throughout Britain.

The Telegraph reports:

The Prince of Wales has appointed investment bank Credit Suisse to begin raising money for the fund from Middle Eastern investors....MORE