GEF South Asia Fund II

India and Bagladesh

Global Environment Fund (GEF) South Asia Growth Fund II (SAGF) is managed by GEF South Asia Advisors in India. Its Indian team has a strong track record and we have worked closely with them to strengthen governance, attract further investors and shape their environmental, social and governance capability.

Expected impact

Resource scarcity is one of the key challenges in Asia and SAGF is the only investment fund that supports SMEs operating in the underserved resource efficiency market. Our capital enables SAGF to provide investments to businesses that address cleaner and more efficient production and usage of energy, water and food resources.

Environmental and social aspects

We continue to support the fund manager in the implementation of its robust Environmental and Social Management System (ESMS), particularly in managing specific risks associated with this sector.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Website:
http://www.globalenvironmentfund.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Global Environment Fund
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2019
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$25m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Canada

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
ESDS Software Solutions Private Ltd

ESDS is one of India’s managed data center service and auto-scalable cloud solution provider.

View investment details

India South Asia Communications and IT Services June 2019 Active