2008 / DPF II

DEVELOPMENT PRINCIPLE FUND II - 20 MUSD investment

 

In April 2008, PROPARCO invested 20 MUSD in Development Principles Fund II, together with DEG, FMO and Itochu.
 
Development Principles Fund II, L.P. is the second private equity fund of Development Principles Group Limited.   Fund II will continue DPG’s proven and successful investment strategy of making equity and equity-related investments primarily for significant minority positions in market-leading growth businesses whose business is located principally in China. The target fund size is US$ 250 million.
 
This fund is a reference in the financing of Chinese SMEs, with a particular emphasise on the upgrading of their environmental and social practices. It intends to focus a substantial part of its commitments in the environmental sector. It can rely in particular on its partnership with Camco and its Chinese subsidiary ESD-Sinosphere, one of the worldwide leading company in carbon finance.
 


 

Last update in September 2010