South Asia Growth Fund II
South Asia Growth Fund II LP (SAGF II) is a 10-year closed-end investment fund with a $150 m target size, that will invest in energy efficiency and clean energy sectors.
Amount
€ 8,700,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Fight against climate change and preservation of natural resources
- 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 and preservation of natural resources
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.
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.
View more of our investments in this region
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South Asia Growth Fund III
10,000,000.00
India, Indonesia, Philippines, Vietnam
30/06/2023
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Investment Companies & Funds
SUSI Asia Energy Transition Fund
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Cambodia, Indonesia, Philippines, Vietnam
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Equity
Investment Companies & Funds
Omnivore Agritech & Climate Sustainability Fund III
5,000,000.00
India
15/02/2023
Equity
Investment Companies & Funds
European Financing Partners S.A.
20,000,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
21/12/2022
Debt
