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South Asia Growth Fund II
https://gefcapital.com/capital-partners/Last activity: 03.09.2024
Probably Closed
The Fund will principally target portfolio companies located within India, but may also pursue opportunities in Bangladesh. Its emphasis will be investments in 4 key sectors: energy efficiency, the clean energy value chain, water, and environmental products and services (waste, food & agriculture, logistics and materials).
SAGF II is the successor fund of South Asia Clean Energy Fund (SACEF), which closed in 2010 at $128 million out of which $5 million was financed by BIO. SACEF invested in 7 projects across the resource efficiency sector.
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
Promotion of technology transfer from the developed countries to India as well as from India to its neighboring countries. Investments will also have a direct impact on job creation (for Fund I, between 2014 and 2017, more than 600 new jobs have been created within the 7 investee companies).
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
IFC Performance Standards are addressed and included in the overall assessment.
SAGF II is the successor fund of South Asia Clean Energy Fund (SACEF), which closed in 2010 at $128 million out of which $5 million was financed by BIO. SACEF invested in 7 projects across the resource efficiency sector.
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
Promotion of technology transfer from the developed countries to India as well as from India to its neighboring countries. Investments will also have a direct impact on job creation (for Fund I, between 2014 and 2017, more than 600 new jobs have been created within the 7 investee companies).
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
IFC Performance Standards are addressed and included in the overall assessment.
Investors 1
| Date | Name | Website |
| - | Belgian In... | bio-invest... |
Mentions in press and media 8
| Date | Title | Description |
| 03.09.2024 | GEF Capital’s portfolio bet shines, profit from investment up over 40x | Pro Sridhar Narayan, founder and managing partner - South Asia, GEF Capital Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund five years ago, has seen one of its showcase bets shine further on its ... |
| 26.08.2024 | GEF portfolio company knocks on the doors of public market | Premium Sridhar Narayan, founder and managing partner - South Asia, GEF Capital Private equity firm GEF Capital Partners, which is on the road to raise a new India-focused clean energy fund with a larger mandate, has lined up another portfo... |
| 22.08.2024 | GEF Capital to set new returns record as PE bet turns into $475 mn goldmine | Pro Raj Pai, founder and managing partner, GEF Capital Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund five years ago and kick-started the process to raise a new India-focused clean energy fund w... |
| 26.07.2024 | IVCA's Climate and Sustainability Council 2024–26 to Catalyse a Green Investment Revolution in India | New Delhi, Delhi, India India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), today introduced the new Climate and Sustainability Council for the term 2024-26. The council will be co... |
| 06.05.2024 | Murugappa Group’s EV Arm TI Clean Mobility To Raise INR 580 Cr To Build EV Tractors, HCVs | SUMMARY The capital will be raised in a mix of equity and CCPS from impact investment firm GEF Capital The proceeds will enable the EV company to scale up its EV offerings and offer “cleaner commercial mobility solutions” Having raised INR ... |
| 07.12.2023 | Deals in brief: Klook, Doctor Anywhere, and Bitsmedia secure funding, IMDA invests SGD 55 million in Singapore’s media industry, multiple China and India deals, and more | Klook announces completion of USD 210 million round Klook, one of Asia’s leading platforms for leisure experiences and travel services, has announced the completion of a USD 210 million equity funding round. The round was led by Bessemer Ve... |
| 17.10.2022 | Private Equity-backed Building and ESG Solutions Platform, InSite, Acquires SOL VISTA, a Leading Hospitality Energy Solutions Firm | “This acquisition exemplifies our commitment to furthering energy efficiency and ESG efforts embraced by building leaders into the hospitality market.” WASHINGTON (PRWEB) October 17, 2022 InSite, a leading building intelligence and ESG data... |
| 02.05.2022 | EnviroMix Names David Lauer New Chief Executive Officer | David Lauer, new chief executive officer of EnviroMix Promotion supports company’s continuing growth Dave was the natural choice to be the next CEO of EnviroMix. He has consistently shown the leadership qualities and drive for results which... |