March 30

GEF Capital Partners Marks Final Close of $200 Million Fundraise in Second Climate-Focused Fund

By Beena Parmar

GEF Capital Partners (GEF), an India-focused clean energy private equity (PE) investor, has said it raised nearly $200 million (around Rs 1,520 crore) from marking the final closure of its South Asia Growth Fund II (SAGF II).

The amount was raised from a clutch of around eight global investors including CDC Group of UK, European Investment Bank, Dutch investment firm FMO, Proparco, Swedfund, BIO, International Finance Corporation (IFC), the private investment arm of the Word Bank and the US Development Finance Corporation, the firm said in a statement.

SAGF II was anchored by a large commercial asset management firm headquartered in Europe and builds on a $125 million (around Rs 950 crore) predecessor fund launched in 2008 that was led by key GEF team members, it said.

Photo courtesy of Ethan Sees.

Source: VCCircle (link opens in a new window)

energy access, renewable energy