First of all, comes the news today (from Jonathan Shieber at VentureWire) that Element has done a first close on their latest fund at $270mm, and that it's likely they'll "fly past" their $400mm stated target. A very good example of how the sector continues to shift toward later stage: One LP (LACERS) reports that Element plans to allocate only 20% of the fund to early stage investments, with the rest going to expansion stage and later stage. They're far from alone, and this news is proof of the continued strong LP interest in the sector. Secondly, on the topic of biofuels and food prices (headline stuff these days), stay tuned for an upcoming report from New Energy Finance on...