PROJECT

Projects

Summary of Investment Information

Project Number

49390

Company Name

LeapFrog SK Co-invest, LP

Date SPI Disclosed

Aug 6, 2024

Country

Africa Region

Region

Africa

Projected Board Date

Sep 16, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 26, 2024

Department

CSFPE - Disruptive Tech, Service & Funds/Private Equity Funds

Industry

Funds

Previous Events

Approved : Jun 30, 2022
Signed : Dec 18, 2024
Invested : Dec 24, 2024

Sector

Growth Equity Fund

Additional Project Attributes

Blended Finance

Project Description

IFC proposes an equity co-investment in Greenlight Planet Inc. (“Sun King”). The co-investment will be made through a Mauritius-based Limited Partnership alongside LeapFrog IV Holdings Ltd. Sun King is the #1 solar home systems supplier and financier globally, with operations in Africa and Asia. Products are sold wholesale or directly through a pay-as-you-go solar distribution network.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation