Date de publication: 25 avril 2022
Promoteur – Intermédiaire Financier
SAGF II MANAGEMENT LLCLieu
Description
Equity participation in a private equity fund investing in small and medium-sized enterprises (SMEs) that promote climate action and environmental sustainability primarily in India, but also in other countries in the South Asia/South East Asia region.
Additionality and Impact
The operation concerns an investment in GEF South Asia Growth Fund III, a USD 300m investment fund targeting companies that promote climate action and environmental sustainability in South and South East Asia , in line with the objectives of the EIB Climate Bank Roadmap. The Fund will provide equity to SMEs, improving access to finance. A commitment to the Fund will contribute to EU policy and priorities with regards Climate Action outside of Europe. It will support the achievement of sustainable development goals (SDGs), aiming to mitigate the effects of climate change. The Fund will contribute to the Bank's Climate Action and Environmental Sustainability targets outside the EU. Therefore, the operation is proposed under the Climate Action and Environment Facility (CAEF). The EIB commitment is expected to trigger the commitment from other investors and to have a strong catalytic effect. With EIB commitment, the Fund's terms are expected to be negotiated in line with best market practice standards.
Objectifs
Equity participation in a private equity fund investing in SMEs that promote climate action and environmental sustainability primarily in India, but also in other countries in the South Asia/South East Asia region.
Commentaires
N/A
Secteur(s)
- Services - Activités financières et d'assurance
Montant BEI envisagé (montant approximatif)
USD 40 million (EUR 40 million)
Coût total (montant approximatif)
USD 300 million (EUR 298 million)
Aspects environnementaux
The fund's operational guidelines will provide for environmental and social duediligence of investee companies according to guidelines acceptable to the Bank.
Passation des marchés
The Fund is expected to comply with EIB's procurement guidelines.
Statut
Signé - 24/11/2022
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).