US$100M fundraise for South Asia focused energy transition & decarbonization fund

COMPANY OVERVIEW

Background: A South Asia focused energy transition and decarbonization fund proposition by a Singapore incorporated, Impact Investment Manager, licensed by the Monetary Authority of Singapore, and incubated by a Singapore climate technology company of the sponsors which is engaged in blockchain driven Measurement, Reporting and Verification (MRV), leading to ethical financing of sustainable ventures for fulfilment of SDGs

Structure: US $75-100 million Singapore domiciled fund structure, with a 4 + 4 + 2 year tenor and 2% GP contribution

Investment Themes: In the choice of investment projects, the Investment Manager will have a strong focus on Decarbonization Drivers and will seek to invest in, mentor and nurture projects, businesses and technologies which are conceived on foundations of optimizing energy demand, maximizing energy savings, efficiency improvement, waste reduction, carbon replacement/sequestration and digital applications for energy optimization.

Market Readiness: Appointed Fund Advisors including EY (Tax Advisors & Audit), Linklaters (Legal Advisor), Vistra (Fund Administrator), and Integrity Consulting (Compliance Advisor)

USE OF FUNDS

– A portion of the funds raised will be used to meet the set-up cost and payment to external relevant service providers as well as to meet the overheads and costs for limited due diligence on the pipeline.
– The balance funds will be invested in creating seed assets and further investment in project pipeline, currently cumulating at US $40 million.

POTENTIAL IMPACT

Potential Impact: Supporting improved climate action, better health & livelihood, and better ESG compliance by investing in environmentally sustainable, decarbonization businesses