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Morgan Stanley buys into clean tech VC

Morgan Stanley has taken a minority stake in a venture capital firm that invests in clean tech companies, adding to its portfolio of investments in a sector it estimates has a market capitalization of $161bn (€108.7bn).

NGen Partners is a seven-year-old venture capital company which invests in early to late stage companies with an environmentally-friendly bent across water, energy, pollution reduction and building materials.

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