Feb 3, 2010

Tommy Thompson Joins Capital Fund Firm as Adviser, Office Run Unlikely

Situation clarifies that a Tommy Thompson run is unlikely.

Former Wisconsin Governor Tommy Thompson was announced as the newest advisor to a Peak Ridge Capital Group venture capital fund.

Thompson will be relied upon at Peak Ridge for his expertise in agriculture and agribusiness. The firm is currently investing its agricultural technology fund, having announced its first investment from the vehicle. Rapid Diagnostek is a Wisconsin-based company developing a hand-held device to test for illness or disease in 60 seconds. The fund is designed to invest in agricultural technology companies providing solutions for food supply, lowering the cost of production and improving efficiencies in the supply chain. The fund also invests in clean technologies, as well as chemicals, systems and biofuels processes.

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