Macquirie Capital adds science and tech firm to portfolio

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Macquarie Capital has added another property to its portfolio with a new investment this week in Earth Resources Technology.

Known as ERT, the company provides government agencies with scientific, engineering, environmental and IT services and solutions.

The Laurel, Maryland-headquartered firm’s clients include the National Oceanic and Atmospheric Administration, NASA and U.S. Space Force.

ERT’s solutions focus on big data challenges such as predicting extreme weather and climate and tracking airborne and ocean pollutants.

“This investment is a significant milestone and opportunity for growth for ERT,” said Jingli Yang, ERT’s CEO and co-founder. “It is an ideal partner to support ERT as we look to deepen our existing government relationships, diversify our client base and expand into adjacent markets.”

Yang and Peter Li, president and co-founder of ERT, will remain with the business.

ERT’s board of directors will also add Jared Doskow, senior managing director, Macquarie Capital Growth and Technology; and Larry Handen, senior managing director and head of Macquarie Capital’s Growth and Technology team.

ERT will use the infusion of capital for efforts to expand its client base and look for new growth opportunities.

“Macquarie Capital has a strong track record supporting companies that fuse science with IT capabilities to provide resiliency to government entities and the communities they serve,” Yang said.

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