Olympus Capital is a well established middle-market private equity firm with two full cycles of track record. Compared to most other fund managers who are mainly strong in domain knowledge, Olympus Capital has a strong combination of both investment and domain experience through Frederick Long, founder of Olympus Capital with strong investment background and Himraj Dang, formerly at Climate Change Capital with strong domain background. The sponsor has an extensive network with the ability to generate proprietary investment opportunities outside of competitive auction environments. The Sponsor has also appointed Senior Advisors who are local and international business leaders to provide referrals, advice and assistance on transactions in the Fund’s targeted sectors The sponsor has strong local presence with offices in Hong Kong, Shanghai, and New Delhi.

The project team proposes an equity investment of $25 million. The target size of the Fund is $250 million.

25.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	25.0

* These investment figures are indicative

The target geography is Asia, with a major focus on China and India. Utilization of IFC’s commitment amount in any non-IFC geography will be capped at 20%.

The project is expected to have quantifiable impact on growing private enterprises involved in the clean energy sectors in Asia, on development of the clean energy sector in general, and on mitigation of climate change; all of which will be monitored by IFC using a set of quantifiable climate change impact indicators throughout the life of the Fund. Equally important are the non-quantifiable development impacts expected from the proposed investment, i.e., - commercialization of innovative environmental technologies and business models; - promotion of more efficient and sustainable growth in Asia; and - improvement of environment and quality of life for the people of Asia.

IFC will provide catalytic role in investor mobilization advisory role – in environmental and social practices and corporate governance through IFC’s participation on the Advisory Committee, and fund structuring guidance to ensure LP-friendly market-standard terms.

This project has been classified as a Category FI project according to IFC’s Environmental and Social Review Procedure. During appraisal, IFC will analyze the fund’s expected portfolio and sectors of investment and determine the Applicable Requirements if any, that would include a combination of :

The IFC FI Exclusion List and/or (The applicable National Social and Environmental Laws and regulations and/or The IFC Performance Standards.

IFC will also review, if required, the capacity of the fund to manage social and environmental risks and to establish and maintain a Social & Environmental Management System (SEMS). IFC may suggest Supplemental Actions to address any gaps in the SEMS if required.

The Fund Manager will be required to:

Develop and, or upgrade, if necessary, any existing SEMS, prior to disbursement to the satisfaction of IFC

Identify responsible, qualified persons to manage and implement the SEMS

Commit to implement the SEMS to ensure that its investments/activities are in compliance with the Applicable Requirements

Take action to remedy any gaps in SEMS implementation on an ongoing basis

Submit a periodic report to IFC as per a format to be provided by IFC.

IFC may review the first few deals prior to the Fund''s investment decisions and provide input to ensure that the Fund''s SEMS is performing adequately to address the social and environmental risks associated with the Fund''s investment activities.