PROJECT

Projects

Summary of Investment Information

Project Number

39369

Company Name

SOUTH ASIA GROWTH FUND II, LP

Date SPI Disclosed

May 20, 2021

Country

India

Region

South Asia

Projected Board Date

Jun 25, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 25, 2021
Signed : Jun 30, 2021
Invested : Aug 24, 2021

Sector

Growth Equity Fund

Project Description

IFC proposes an equity investment of up to US$15 million, capped at  20% of  aggregate commitments, with an equivalent amount of co-investment envelope, in South Asia Growth Fund II, L.P (the Fund or SAGF II), a limited partnership organized under the laws of Province of Ontario, Canada. The Fund is targeting US$200 million in commitments to invest in 8-10 companies focused on clean energy supply and resource efficiency in India and opportunistically in Bangladesh.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation