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Three of 12 Ventures Funded by Romney-Created Energy Fund Failed

A $17 million, state-backed green-energy fund created during Mitt Romney’s tenure as governor of Massachusetts invested in a dozen companies, three of which have since closed, according to the fund’s manager.

It’s too soon to judge the overall success, though some projects have taken longer than expected to provide a return, William Osborn, a founding partner at the Massachusetts Green Energy Fund LP, said in an interview.