Private equity firm Warburg Pincus will invest up to $355m in First Green Partners, a newly-formed early-stage venture capital (VC) company.

Private equity firm Warburg Pincus will invest up to $355m in First Green Partners, a newly-formed early-stage venture capital (VC) company.

First Green will, in turn, invest in early-stage companies that focus on developing methods of converting renewable carbon, such as non-food biomass and carbon dioxide to fuels and chemicals, and applications of clean or green technologies in the conventional energy or industrial process,

First Green will make initial investments of $500,000 to $10m in each emerging technology and…