Braemar hires 3i cleantech pro

New York firm Braemar Energy Ventures has added a new principal, former Kauffman Fellow Jiong Ma.

Braemar Energy Ventures has hired Jiong Ma from global investment firm 3i.

Ma joined 3i in 2004 as a part of the Kauffman Fellowship Programme, a two-year apprenticeship programme run by the Center for Venture Education, in which young professionals interested in a career in the industry receive specialised training while working full time at a venture firm.

At 3i, Ma focussed on the firm’s IT and cleantech portfolio, working closely with online storage provider Carbonite, advanced plastics developer Konarka and project organisation software maker OpenAir.

Before joining 3i, she held high level positions at Lucent Technologies and Bell Labs, working on product strategy, product launches for optical and data networking, mergers and acquisitions and research and development.

At Braemar, Ma will look for companies that develop and commercialise energy technologies, including intelligent networks, energy efficiency, energy storage, pollution control, advanced power generation and clean fuels.

New York-based Braemar closed its second fund on $250 million in October 2007. Like its predecessor, which closed on $56 million in 2003, Fund II seeks to invest in venture and expansion-stage energy and cleantech companies. The fund is backed by Singapore’s government-run GIC Special Investments, CalPERS-backed PCG Clean Energy and Technology Fund and Macquarie, among others.