North America Environmental Inc

After a year of laying the groundwork, an Irvine venture capital company has launched a $50-million fund to invest in environmental companies that do business in Mexico. Ventana Growth Funds will jointly manage the North America Environmental Fund with Nacional Financiera S.N.C., Mexico's biggest state-owned development bank, said Glenn Kline, a Ventana vice president. Nacional Financiera has contributed $12.5 million--or 25%--of the investment fund.

After a year of laying the groundwork, an Irvine venture capital company has launched a $50-million fund to invest in environmental companies that do business in Mexico. Ventana Growth Funds will jointly manage the North America Environmental Fund with Nacional Financiera S.N.C., Mexico's biggest state-owned development bank, said Glenn Kline, a Ventana vice president. Nacional Financiera has contributed $12.5 million--or 25%--of the investment fund.