International Finance Corpoartion (IFC), which is part of the World Bank, plans to invest $25 million in Asia Environmental Partners II, LP (AEP II), a 10-year $300 million target size private equity fund from Olympus Capital.
The fund focuses on the fast growing environmental and clean energy industries across Asia, including India.
Olympus Capital, an independent regional private equity firm, launched the fund in 2008. It focuses on investing in middle market companies across Asia including China, India, Japan, South Korea and Southeast Asia.
The investment will help the fund’s capital mobilisation. Furthermore, given IFC's interest in the fund's target sectors and the potential large deal size, IFC could potentially co-invest in the fund's investee companies.
The fund would promote cleaner energy production, access, and will provide demonstration effect for financial viability of clean energy and environmental business.
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