Swiss Investment Fund
for Emerging Markets

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South Asia Growth Fund II

The South Asia Growth Fund II contributes to the promotion of a more efficient use of energy and water in India and Bangladesh, through investment in companies creating products or services which impact the broader clean energy and water value chains. The Fund intends to contribute to climate change mitigation through the more efficient use of energy and natural resources in the target region.

South Asia Growth Fund II

The South Asia Growth Fund II contributes to the promotion of a more efficient use of energy and water in India and Bangladesh, through investment in companies creating products or services which impact the broader clean energy and water value chains. The Fund intends to contribute to climate change mitigation through the more efficient use of energy and natural resources in the target region.

About the fund

The demand for energy is increasing in both India and Bangladesh due to population growth and rising rates of urbanisation. India alone is estimated to have over 300 million people without access to electricity, and those that do often have limited access. Enhancing the capacity, delivery, and efficiency of energy supply chains is therefore a key priority for economic development. In the same way, water is a critical resource for agriculture, industry, food security, and manufacturing. The Fund enables increased energy and water efficiency in the region, and SIFEM’s investment of USD 10 million supports greater public access and encourages sustainable business practices in South Asia.

Investments by the fund

             
Date Name Country Industry Status
2022 Company 1 India Renewable energy equipment and services Active
2018 Company 2 India Software and computer services Active
2021 Company 3 India Renewable energy production and supply Active
2019 Company 4 India Machinery and equipment Active
2020 Company 5 India Farming, fishing and plantations Active
2021 Company 6 India Transportation and storage Active
2020 Company 7 India Technology hardware and equipment Active
Reference code
2018-07
Status
Active
Date of commmitment
December 2018
Date of exit
-
Fund size
USD
150,000,000
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund

Target countries

Bangladesh
India
Fund manager
South Asia Advisors