GEF Capital Partners, an India-focused climate investing firm, has closed its South Asia Growth Fund II (SAGF II) at $200 million.
Around eight global investors committed to SAGF II, including CDC Group of U.K., European Investment Bank, Dutch investment firm FMO, Proparco, Swedfund, BIO, International Finance Corp. (IFC), the private investment arm of the Word Bank and the U.S. International Development Finance Corp., according to various news sources.
SAGF II launched in 2019 with an initial target of $150 million, which was increased.
SAGF II will target climate-themed businesses in South Asia, with a focus on India investment opportunities. The fund has already deployed more than two-thirds of its commitments to Indian companies.
