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Yes Bank and GEF To Raise $300 Million Cleantech Fund

Posted on July 10, 2008

Exclusive: India's Yes Bank and the US based private equity firm Global Environment Fund (GEF) are joining hands for a cleantech fund for South Asia. They are raising a $300 million growth capital fund - South Asia Clean Energy Fund - for investing in clean energy opportunities across the region. The fund will focus on the growth and expansion stage companies in cleantech sector, and India would account for a large part of asset allocation, a top official said. We are still in the fund raising process and the first closure is expected soon, Raj R. Pai, the Managing Director of the propose...

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