CATALYST MENA CLIMATE FUND 2

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The proposed investment involves an equity participation into Catalyst MENA Climate Fund II (CMCF2 or the Fund) to be established by Catalyst Investment Management (Catalyst MENA). CMCF2 would be the second infrastructure fund established by Catalyst MENA following the successful raise of US$57 million in Catalyst MENA Clean Energy Fund I (CMCF1), an infrastructure fund launched in 2016.The Fund's target size is US$150-200 million with a first close target of US$70-85 million. It will focus on climate mitigation, climate adaptation and energy transition themes in the form of inter alia renewable energy infrastructure, energy storage, energy efficiency and water-related projects across the Middle East and North Africa (MENA), with a primary focus on Jordan, Egypt, Tunisia and Morocco.