Edit
South Asia Growth Fund II
https://gefcapital.com/capital-partners/Last activity: 19.02.2026
Probably Closed
The Fund will principally target portfolio companies located within India, but may also pursue opportunities in Bangladesh. Its emphasis will be investments in 4 key sectors: energy efficiency, the clean energy value chain, water, and environmental products and services (waste, food & agriculture, logistics and materials).
SAGF II is the successor fund of South Asia Clean Energy Fund (SACEF), which closed in 2010 at $128 million out of which $5 million was financed by BIO. SACEF invested in 7 projects across the resource efficiency sector.
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
Promotion of technology transfer from the developed countries to India as well as from India to its neighboring countries. Investments will also have a direct impact on job creation (for Fund I, between 2014 and 2017, more than 600 new jobs have been created within the 7 investee companies).
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
IFC Performance Standards are addressed and included in the overall assessment.
SAGF II is the successor fund of South Asia Clean Energy Fund (SACEF), which closed in 2010 at $128 million out of which $5 million was financed by BIO. SACEF invested in 7 projects across the resource efficiency sector.
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
Promotion of technology transfer from the developed countries to India as well as from India to its neighboring countries. Investments will also have a direct impact on job creation (for Fund I, between 2014 and 2017, more than 600 new jobs have been created within the 7 investee companies).
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
IFC Performance Standards are addressed and included in the overall assessment.
Investors 1
| Date | Name | Website |
| - | Belgian In... | bio-invest... |
Mentions in press and media 25
| Date | Title | Description |
| 19.02.2026 | IFC mulls commitment to GEF Capital’s South Asia Growth Fund IV | - |
| 03.01.2026 | From Arya.ag To Knight Fintech — Indian Startups Raised $104 Mn This Week | SUMMARY Between December 29 and January 2, only gritech startup Arya.ag and fintech Knight Fintech announced fundraises, cumulatively amounting to $104.2 Mn This marked a 112% increase from $49.2 Mn raised by seven startups last week Invest... |
| 02.01.2026 | Agritech firm Arya.ag raises Series D funding from GEF Capital | The Arya.ag team Agritech platform Arya.ag, operated by Arya Collateral Warehousing Services Pvt Ltd, has raised Rs 725 crore (about $80.6 million) in a Series D funding round from private equity firm GEF Capital Partners. The fresh capital... |
| 02.01.2026 | Agritech Startup Arya.ag Bags $80 Mn From GEF Capital Partners | SUMMARY The funding round was a mix of primary and secondary transactions, with about 70% of the amount raised as primary capital Arya.ag plans to use the fresh capital to increase its penetration among farmer communities and accelerate pro... |
| 02.01.2026 | Agritech startup Arya.ag raises Rs 725 Cr in a Series D funding | Agritech startup Arya.ag on Friday said it raised Rs 725 crore in a Series D equity round led by GEF Capital Partners. This fresh capital comes at a time when climate volatility, food inflation, and rural distress are reshaping priorities a... |
| 23.10.2025 | GEF Capital-backed Premier Energies to buy power transformer maker in $57-mn deal | Credit: Pexels GEF Capital Partners-backed solar cell manufacturer Premier Energies Ltd is set to enter the power transmission sector with the acquisition of a majority stake in a Hyderabad-based transformer manufacturing company. Premier E... |
| 08.10.2025 | GEF Capital to invest $50 mn in Membrane Group | MM Narang, chairman, Membrane Group Membrane Group India Pvt. Ltd, a Gurugram-based provider of industrial water and wastewater treatment systems, has secured a $50 million (around Rs 444 crore) investment commitment from GEF Capital Partne... |
| 06.10.2025 | GEF-backed power products manufacturing firm eyes over $800 mn tag | Premium Credit: Pixabay A power transmission products manufacturing company backed by climate-focussed private equity firm GEF Capital will likely target a valuation of more than $800 million as it looks to widen its investor base. GEF, whi... |
| 22.09.2025 | GEF Capital sitting on neat upside as new portfolio company goes public | Pro Krishnan Ganesan, Managing Director, GEF Capital Partners Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund five years ago and is raising a new India-focused clean energy fund with a larger man... |
| 10.06.2025 | GEF Capital scores spectacular returns from green energy bet | Pro Raj Pai, founder and managing partner, GEF Capital Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund five years ago, has churned out abnormally high returns from a renewable energy company. GEF... |
Show more