GreenTech Fund California I, PBC
United States of America
Last updated 12 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / Eastern Asia (3) / China (2)
GreenTech Fund California I, PBC (“GTF”) is a Delaware public benefit corporation with the specific public benefit purpose of using advanced water, energy and other technologies to improve the environment and improve public health primarily in India, China, and Bangladesh.
GTF has an affiliated company, GreenTech Fund California, Inc. (“GreenTech-C”), which is a traditional Delaware C corporation. GreenTech-C has spent the last 3 ½ years engaged in research, development and experimentation that has provided the executive team, knowledgebase, decision rules, corporate affiliations, business strategy, strategic partners, vendor relationships and client relationships that are the foundation for GTF.
All of GreenTech-C’s assets, including those enumerated in the previous sentence, will be assigned to GTF prior to the closing of this offering, giving GTF a head-start on a path to producing revenue, gross profit and then operating profit.
GTF generates revenue in two ways:
1) From the integrated system solutions it develops and sells to firms in China and India. .
2) From the servicing fees on the sovereign guarantied project loans with the guarantied amount sold to pension funds and other institutional investors.
GTF will use up to $4,500,000 of its Series A $5,000,000 for these sovereign guarantied loans to allow a funding for project loans of up to $45,000,000.
GTF has two levels of IRR for its Series A Preferred Share investors: 1) Base line 3 Year IRR of 8%; and 2) High end 3 Year IRR of 26% return via a 3rd year M&A or IPO. 26% IRR is 2x cash-on-cash.
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Asset manager: GreenTech Fund California I, PBC (Delaware Public Benefit Corporation)
Product track record: Fund has 9 years of track record
Target IRR: 8%
Committed Capital: 0 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage: Growth Stage
Inception year: 2014
Vintage year: 2014
Target region: Asia, China, Eastern Asia, Emerging countries
Target close date: 01/03/2015
Product term: 3 year term
Assets under management: 5,000,000 USD (US Dollar)
Investment size: Min: 1,000,000; Max: 10,000,000; Avg: 5,000,000
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: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Listed with Mission Markets for their institutional, family office, IRA and other accredited investors.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors, Retail Investors
Phone number: 9494009527.00
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GTF’s focus in South Asia is on ‘village level’ utilities for clean water, renewable energy, biogas, sewer (black) water and grey water. The Integrated Rural Development model (IRD) is this multi-utility approach, which occurs in stages, with clean water and an increase in agriculture yields being the first two stages.
GreenTech-C’s affiliate’s water processing projects have affected lives in more than four thousand villages with measurable results in cleaner water and public health. GreenTech-C’s selected biomass project firm generating electricity at the village level is now present in several hundred villages, improving the lives of approximately 200,000 people as of 2013. These projects are considered at the development stage and will now be organized by GTF to be scaled through replication as part of GTF’s IRD model.
GreenTech-C started its business in China in mid-2011. While focusing on an export-oriented economy, most of the 31 jurisdictions (22 provinces/5 Regions/4 directly controlled cities) in China neglected the environment and natural resources-facing hazardous environmental conditions and growing shortages of clean water and soil without pollutants.
Bottom/Base of the PyramidIntegrated Rural Development (IRD)OtherRuralUrbanWomen