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Durham-based Semprius raises $3 million

Semprius, a Durham semiconductor startup that is building a solar panel manufacturing facility in Henderson, announced Thursday that it has raised $3 million in additional funding from a group of investors that includes Chapel Hill-based Morgan Creek Capital Management.

The private company has already raised more than $30 million in venture funding, including a $20 million round that closed in July. Corporate giant Siemens, a leading builder of solar farms, acquired a 16 percent stake in the company in June.

Other investors in this latest round include the Illinois Emerging Technologies Fund and In-Q-Tel, an investment firm affiliated with the CIA.

Semprius also announced Thursday that Gregory Wolf, president of Duke Energy Renewables, has joined the company's board of directors.

Semprius employs 38 people in Research Triangle Park.

Yusko's Morgan Creek nears $10 billion mark, again

Mark W. Yusko's investment firm is close to hitting a major milestone, again.

Morgan Creek Capital Management of Chapel Hill has "just under" $10 billion in assets it manages for wealthy families, individuals and institutional investors, Yusko said in a phone interview last week.

The firm passed that mark previously, and then fell back when global stock markets swooned in 2008.

"We hit it once and the second time will be less exciting," he said. "It's a scalable business, and managing $10 billion or $20 billion doesn't require that much more in resources. As long as we're growing at a nice rate, we're not eager to hit many milestones."

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