Claremont Energy

INVESTMENTS

Claremont Energy Fund I, LP
Claremont Energy closed its inaugural investment fund in September 2004. This fund was a Delaware limited partnership named Claremont Energy Fund I, LP. The fund was fully invested in two 10 MW natural gas-fired cogeneration power plants located in Rupert and Glenns Ferry, Idaho. The fund sold its portfolio in December 2005 and was subsequently liquidated.

Claremont Energy Fund II, LP
Claremont Energy closed its second investment fund in May 2005. This fund, named Claremont Energy Fund II, LP, is a Delaware limited partnership that provided venture capital to Tierra Energy of Austin, Texas. At the time, Tierra Energy was developing a portfolio of wind and natural gas assets throughout the United States. Fund II subsequently sold a portion of its Tierra equity to Energy Investor Funds, a leading private equity firm ("EIF"). Fund II transferred its remaining Tierra equity to EIF in May 2007 following the sale of Tierra's wind assets to a subsidiary of Duke Energy.

Claremont Energy Fund III, LP
Claremont Energy established its third investment fund, Claremont Energy Fund III, LP, in January 2007. Fund III is a Delaware limited partnership that made a follow-on investment in Ampersand California Biomass Fund I, LLC, an investment fund of Ampersand Energy Partners. The Ampersand fund provided pre-financing development capital for two 12.5 MW wood-fired biomass power plants in Northern California (El Nido and Chowchilla II). Personnel from Ampersand and Claremont managed the refurbishment project. The plants are now operational and selling electricity to PG&E under two 15-year power purchase agreements.

CONSULTING

Claremont Energy has provided M&A advisory and financial modeling services to several clients, including ArcLight Capital Partners, Texas American Power, and Centerstone Energy Partners.