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Armstrong South East Asia Clean Energy Fund
Singapore
Last updated 12 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Asia (67) / South-Eastern Asia (21) / Cambodia (5)
The investment objective of the Armstrong South East Asia Clean Energy Fund is to make equity and equity-like investments with a focus on small-scale renewable energy generation and resource efficiency projects in Southeast Asia. The Fund achieved a final close of US$164 million.
The Fund Company will invest in two sectors:
•Small-scale renewable energy generation: The fund will invest in projects which generate power from hybrid renewable energy resources, including solar, wind and hydro (<30 MW), providing power to end-users which are either not connected to the grid or which suffer from a lack of reliable power as a result of poor grid infrastructure. The Fund Company will also invest in projects that use sustainable biomass residues from agricultural, municipal and industrial waste streams that can be used to generate energy. The Manager will invest at least 67% of the Funds gross assets in the small scale renewable energy generation sector.
•Resource efficiency: Resource efficiency ensures that natural resources are produced, processed and consumed in a more environmentally sustainable way. This results in producing more with less and generating less waste and pollution. Resource efficiency can include better usage of water, waste materials and power.
Asset class
Fund status
Fund style
Financial description
n/a
13 years
of track record
2011
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Substantially reduce waste generation
Implement the un framework convention on climate change
Safe and affordable drinking water
Universal access to modern energy
Increase global percentage of renewable energy
Double the improvement in energy efficiency
Expand and upgrade energy services for developing countries
Impact Category
Key performance indicators
Fund overview
Asset manager: Armstrong Asset Management
Product track record: Fund has 13 years of track record
Target IRR: 20%
Committed Capital: 164,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Singapore
Product status: Open - post first close
Style/Stage: Distressed, Early Stage, Growth Stage, Seed Stage
Inception year: 2011
Vintage year: n.a.
Target region: Asia, Cambodia, Emerging countries, South-Eastern Asia
Target close date: n.a.
Product term: 10 year term
Assets under management: n.a.
Investment size: Min: 5,000,000; Max: 15,000,000; Avg: 0
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 4
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: DEG,FMO,GEEREF (European Investment Bank),IFC, IFC AMC, Obviam, Proparco, Unigestion
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office
Contact
E-mail: info@armstrongam.com bizplans@armstrongam.com
Website: http://www.armstrongam.com
Phone number: +65 69229790
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Andrew Affleck
Managing Partner
Sabine Chalopin
Investment Manager - ESG Officer
Impact Performance
n.a.
Impact thesis
The Manager believes integrating sustainable, environmentally friendly practices in our activities delivers tangible benefits, creates additional opportunities, benefits society and reduces risk. We believe that such an ethical approach leads to follow-on opportunities and improved financial returns especially when the true costs of increasingly scarce natural resources are considered.
The Manager will be investing in companies operating in a Region with an estimated 20% of all known plant and animal species with approximately 17% of the land designated as a protected area. This rich biodiversity is at threat as a result of deforestation from unsustainable forestry practices. The Manager through its Portfolio Companies will seek to promote the sustainable management and use of natural resources through the adoption of practices that integrate conservation needs and other ESG practices such as certification from the Forest Stewardship Council.
Impact opportunites include:
- Local community education on energy use
- Fossil fuel substitution
- Pollution/emission reduction and corresponding health improvements
- Biodiversity maintenance and improvement
- Forestry management and certification
- Increased employment
- Improved health and safety standards
Impact Management
n.a.