IFC invests US$15mn in South Asia Growth Fund II
Date
May 24, 2021
Type
Funds & Investments
Subtype
Fund investor announced
Countries
India
Bangladesh
Subsectors
Multisector
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The investment arm of the World Bank, International Finance Corporation (IFC), plans to invest up to US$15 million in South Asia Growth Fund II (SAGF II).
The fund, launched by GEF Capital Partners, LLC, seeks to invest in companies focussed on clean energy. In detail, the fund will choose 8-10 companies in India and Bangladesh, which work in the areas of clean energy supply and resource efficiency.
GEF Capital targets a total commitment of US$200 million in the Fund.
