South Asia Growth Fund II

Equity : December 2020

The SDG Frontier Fund has invested EUR 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.

This is an investment by SDG Frontier Fund

Amount

€ 2,000,000.00

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

Asia: Bangladesh, India

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

South Asia Growth Fund II

Domicile

Canada

More investments in

South Asia Growth Fund II

  • Equity € 8,700,000.00 (2019)

Other investments by

SDG Frontier Fund

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

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

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

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Repousser les frontières des investissements durables

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European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  15,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

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The Currency Exchange Fund n.v.

Financial Institutions

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  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, 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

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European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  5,000,000.00

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Interact Climate Change Facility

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  6,000.00

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Infrastructure

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  1,000,000.00

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  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  6,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

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AgRIF Coöperatief U.A.

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AgRIF Coöperatief U.A.

  105,000.00

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AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

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Summit Meghnaghat Power Company Limited

Infrastructure

Summit Meghnaghat Power Company Limited

  12,806,440.00

  Bangladesh

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Utkarsh Microfinance Pvt Ltd

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  3,625,555.00

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KF Bioplants

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KF Bioplants

  2,100,000.00

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BTS India Private Equity Fund Ltd.

Investment Companies & Funds

BTS India Private Equity Fund Ltd.

  3,557,000.00

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Rajasthan Sun Technique Energy Private Limited

Infrastructure

Rajasthan Sun Technique Energy Private Limited

  15,461,000.00

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Ventureast Proactive Fund II

Investment Companies & Funds

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  4,300,000.00

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  1,942,313.00

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Berkeley Energy Wind Mauritius Ltd.

  3,000,000.00

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Srei Equipment Finance Private Limited

Financial Institutions

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  8,808,720.00

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  Debt

Renewable Energy Asia Fund II

Investment Companies & Funds

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  8,900,000.00

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Renewable Energy Asia Fund

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  6,000,000.00

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  3,744,000.00

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Investment Companies & Funds

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Kaizen Private Equity II

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