IFC proposes $15m investment in India-focused South Asia Growth Fund II

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), a member of the World Bank Group, has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), a private equity vehicle that focuses on India and Bangladesh.

The fund, which is sponsored by PE fund manager Global Environment Fund (GEF) Capital Partners, is targetting $200 million in commitments to invest in 8-10 companies focused on clean energy supply and resource efficiency in India and opportunistically in Bangladesh.

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