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IFC to invest $15M in South Asia Growth Fund II ​ By IANS | ​ 0 Views IFC to invest $15M in South Asia Growth Fund II. Image Source: IANS News Chennai, May 21 : International Finance Corporation (IFC) part of the World Bank Group plans to invest up to $15 million in South Asia Growth Fund II, L.P (SAGF II) focussed on investing in companies focussed on clean energy. According to IFC, it is proposing to invest up to $15 million, capped at 20 per cent of aggregate commitments, with an equivalent amount of co-investment envelope, in SAGF II. The Fund, a limited partnership organized under the laws of Province of Ontario, Canada is targeting $200 million in commitments to invest in 8-10 companies focused on clean energy supply and resource efficiency in India and opportunistically in Bangladesh, IFC said.

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