Our goal is to identify and finance young companies worldwide during their start-up phase and to provide established companies with additional capital for their growth plans during the expansion phase. Through our portfolio companies, we offer our customers new tech-nological solutions and tap new markets. Our focus is on growth segments in the energy, industry and healthcare markets.
Our portfolio includes further Private Equity activities: In the context of our Private Equity Advisory Service, we offer non-U.S. customers such as the Siemens Pension Fund pro-fessional consulting in Private Equity asset allocation. As of January 2009, Siemens Venture Capital launched its first fund-of-funds: Siemens Global Innovation Partners I which was offered also to non-Siemens/non-U.S. investors.