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Tom Heintzman at Bull Frog Power in 2006.
Tom Heintzman at Bull Frog Power in 2006.
(Kevin Van Paassen/The Globe and Mail)

Former Bullfrog Power chief to lead equity fund at JCM Capital

Toronto private equity firm JCM Capital has recruited Tom Heintzman, the former head of clean-energy distributor Bullfrog Power, to run a new equity fund dedicated to investments in solar power projects in developing markets.

The new Clean Power Infrastructure Fund will eventually invest as much as $150-million in solar projects in Latin and South America and sub-Saharan Africa. It has already got a lead investor to put in $15-million, and will try to raise a total of $50-million by the end of this year, mainly from institutional investors such as pension funds and other organizations interested in Third World development.