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Global Environment Fund promotes Sridhar Narayan to MD

  • Mirzaan Jamwal
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Global Environment Fund (GEF), a private equity firm that targets energy, resources and environment-related assets, has promoted Sridhar Narayan to managing director within its India team.

Narayan joined GEF in 2012 as principal from JRE Partners, a joint venture between Rothschild, Jardine Matheson Group and Exor. The appointment came a few months after GEF raised INR7 billion ($124 million) for the GEF South Asia Fund, which focuses on small- and medium-sized enterprises in India.

The fund and the International Finance Corp (IFC) have already committed $11.5 million to Bangalore-based energy efficiency firm Kalki Communication Technologies.

GEF previously invested in India through its global vehicles and has committed over $100 million across eight deals. Its current portfolio companies include Sai Sudhir Infrastructures and wind energy player Greenko Group.

GEF's investment programs span three asset classes: private equity (growth capital), real assets (sustainable timberlands) and infrastructure (energy generation, environmental control, urban environment and transportation).

The firm manages approximately $1 billion in capital and has more than 30 investment professionals in locations such as Mumbai, Washington, Beijing, Johannesburg, Cape Town, and Sao Paulo.

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