Project detail - NAVEGAR II L.P.

NAVEGAR II L.P.

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Who is our client

FMO has committed USD 20 mln in Navegar II LP, the second private equity fund raised by Navegar in the Philippines.

Funding objective

Navegar II LP will be a sector-agnostic Philippines-focused private equity fund. The Fund will mainly focus on investing growth capital in companies that are active in the growth sectors in the Philippines, such as Food & Beverages, BPO, Tourism, Healthcare and Education, i.e sectors linked to the domestic consumer and (services) export.

Why we fund this project

Through this investment FMO will contribute to the growth of the investee companies, increased employment and increased taxes paid.

Environmental and social rationale

The E&S category is B for Navegar II LP, in line with the risk profile of the prospective investments in the pipeline. Navegar will mainly focuses on health and safety issues, non-discrimination in personnel and hiring practices and good working conditions. The Fund’s ESG policy commits to the IFC Performance standards and country-specific laws.

Region
Asia
Country
Philippines
Sector
Infrastructure, Manufacturing and Services
Signing date
6/27/2019
Total FMO financing
USD 20.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B