South Asia Growth Fund II
The SDG Frontier Fund has invested USD 2.2 M in the South Asia Growth Fund II LP (SAGF II), a 10-year closed-end investment fund that will invest in energy efficiency and clean energy sectors.
Amount
$ 2,200,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Fight against climate change
- Promotion of ESG best practices
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Organisation
South Asia Growth Fund II
Domicile
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.
Development impacts
-
Local economic growth
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
-
Private sector consolidation/innovation
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).
-
Fight against climate change
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
-
Promotion of ESG best practices
IFC Performance Standards are addressed and included in the overall assessment.
Other investments by
SDG Frontier Fund
- Navis Asia Credit Fund LP (Equity) $ 5,000,000.00 (2024)
- Omnivore Agritech & Climate Sustainability Fund III (Equity) $ 3,500,000.00 (2023)
- TIDE Africa II Fund (Equity) $ 2,500,000.00 (2022)
- Uhuru Growth Fund I-A SCP (Equity) $ 2,500,000.00 (2022)
- AfricInvest Financial Inclusion Vehicle (Equity) € 3,200,000.00 (2022)
- Ezdehar Mid-Cap Fund II (Equity) $ 1,700,000.00 (2021)
- Cathay Africinvest Innovation Fund (Equity) € 4,000,000.00 (2021)
- Incofin India Progress Fund (Equity) € 3,500,000.00 (2021)
- Ascent Rift Valley Fund II (Equity) $ 4,000,000.00 (2020)
- African Rivers Fund III (Equity) $ 1,700,000.00 (2020)
- Excelsior Capital Vietnam Partners (Equity) $ 2,200,000.00 (2020)
Made possible through this investment
ESDS Software Solutions Private Limited
India
ESDS Software Solution Private Limited (ESDS) founded in 2005, by first generation entrepreneur, Piyush Somani, is one of the leading Indian providers of managed datacentre and cloudhosting solutions.
Prince Pipes and Fittings Limited
India
Founded in 1987, Prince Pipes is a leading manufacturer and distributor of water pipes and fittings in India.
Seedworks International Private Limited
India
Founded in 1998, Hyderabad based SeedWorks is a leading domestic player engaged in the breeding, production and marketing of hybrid seeds.
Read impact and news about this project
News
SDG Frontier Fund Final Closing
29-04-2022
First-of-its-kind Belgian impact fund mobilises additional private resources to support African and Asian SMEs in their growth.
News
Greener money
31-08-2021
Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.
Article originally appeared in MT Magazine in Dutch.
News
Repousser les frontières des investissements durables
15-12-2020
An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van den Bosch on the SDG Frontier Fund, published in L'Eventail on the 10th of December 2020, written by Cédric Boitte.
This article was published in French.
News
You'll never make the world sustainable with only public money
02-07-2020
Financial return is worth twice as much if it also helps the world move forward. The Belgian government and business world collect 50 million euros for sustainable investments in the African and Asian private sector. "Investing is better than giving," says driving force Alexander De Croo, Minister of Development Cooperation. "You will only see a return on your investment if it has really made a difference."
News
SDG Frontier Fund first closing
02-07-2020
First-of-its-kind Belgian impact fund brings together 9 private investors to support sustainable economic growth in African and Asian frontier markets.
View more of our investments in this region
Investment Companies & Funds
Navis Asia Credit Fund LP
15,000,000.00
Indonesia, Philippines, Vietnam
04/12/2024
Equity
Investment Companies & Funds
Navis Asia Credit Fund LP
5,000,000.00
Indonesia, Philippines, Vietnam
04/12/2024
Equity
