GEF SAGF III

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 IFC proposes an equity investment of up to U$40 million, not exceeding 20% of the total commitment, and an additional co-investment envelope of up to US$40 million under the delegated authority framework, in South Asia Growth Fund III, L.P. (the “Fund” or “Fund III”), a mid-market private equity (PE) fund focused on providing growth capital to companies across climate solution themes in India and opportunistically in Southeast Asia, and together with South Asia Growth Fund III, SCSp (Luxembourg Feeder Fund) is targeting US$300 million to US$400 million in total commitments. Consistent with its prior funds, Fund III will target mid-market companies in the climate solutions supply chain focused on (i) renewable energy value chain; (ii) energy efficient enhancement; (iii) food security solutions; (iv) resource / waste recovery solutions; (v) water security solutions; (vi) mobility solutions; (vii) smart cities and green building solutions; (viii) tech / digital solutions; and (ix) low carbon transition solutions. The Fund is expected to size its average ticket per company in the range of US$20-US$40 million in 9-12 companies.