MGM Sustainable Energy Fund II ("Fund" or “MSEF II”) is a USD 125 million green infrastructure fund focusing on energy efficiency and renewable energy investment opportunities in Latin America and the Caribbean. The Fund will invest primarily in equity, quasi-equity and/or mezzanine project finance opportunities in energy efficiency projects targeted at the commercial, municipal, industrial and residential sectors. The Fund will also pursue opportunistically small scale renewable energy investments at early stage of development.
The Fund’s investments follow strict environmental, social and governance (ESG) guidelines and are expected to optimize energy and water consumption, reducing greenhouse gas (“GHG”) emissions, improving energy security, and creating jobs for small and medium-sized local enterprises (“SMEs”). MSEF II will thus contribute towards sustainable development through the implementation of projects that mitigate and help adapt to the effects of climate change.
The Fund is a follow on to MGM Sustainable Energy Fund L.P. (“MSEF”) and is managed by MGM Innova Capital. MGM Innova Capital is a private equity investment firm focusing on triple bottom line investments in the fields of energy efficiency, renewable energy, clean-tech, innovation and sustainable natural resource management in Latin America and the Caribbean.