Wednesday, 1 October 2014
Last updated 8 hours ago
Jan 16 2008 | 11:35am ET
International Finance Corp., a member of the World Bank Group, is making its first investment in an environmentally-focused private equity fund. IFC’s outlay of up to €15 million (US$22 million) will help the fund, which is managed by Aloe Private Equity, invest in companies in clean and renewable energy, waste recycling, emissions controls and eco-processes.
Aloe manages a number of environment funds and recently raised over €110 million (US$163.5 million) for the Aloe Environment Fund 2, which will invest in companies in both Asia and Europe. The IFC fund will participate will co-invest alongside Aloe 2 but will support companies primarily in India and China. Swedfund, a risk capital company owned by the Swedish government, and Proparco, the private sector financing arm of the French Development Agency, will invest €8 million (US$11.9 million) and €5 million (US$7.4 million), respectively, in the new fund alongside IFC.
“IFC’s investment in Aloe Private Equity’s environment fund is in line with our strategy to support funds that are investing in technologies to combat climate change,” Haydee Celaya, IFC’s director of funds, said. “Aloe Private Equity’s innovative investment strategy will help address some of the major challenges and opportunities for sustainable economic development in Asia’s emerging markets.”
“IFC, with its unique expertise in the clean energy and environment sectors, will be a valuable partner in pursuing our strategy to expand in Asia and will provide tremendous benefits for existing and future portfolio companies,” said Vivek Tandon, a general partner at Aloe Private Equity.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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