Asian private equity firm Olympus Capital is to receive US$25 million commitment from the International Finance Corporation (IFC), the investment arm of the World Bank, according to a disclosure document on the IFC’s website.
The commitment is going to Olympus Capital’s Asia Environmental Partners II, L.P., which is targeting to raise US$300 million to invest in the environmental and clean energy sectors across Asia, particularly in China, India and Southeast Asian countries.
Olympus’ first environmental fund also received US$25 million commitment from the IFC in 2009. That fund has invested in Chinese hydropower company, Zhaoheng Hydropower Holdings Ltd.
Co-founded in 1997 by Daniel Mintz, Lawrence Miao and Frederick Long, Olympus Capital focuses on investing in the middle market across Asia. It has raised seven funds, and has offices in Hong Kong, Shanghai, Singapore, Delhi, Seoul, Tokyo and New York.