Overview:MGM Innova Capital(1) is a private equity and green infrastructure investment group focused on impact investments in the fields of energy efficiency and renewable energy in Latin America and the Caribbean.
The MGM Innova Capital team manages two impact funds with a focus on energy efficiency (65%) and small-scale renewable energy (35%), and invested in, among others, by major multilateral (e.g., EIB, IDB/MIF, GEEREF) and national (e.g., DEG, JICA, AECID, FMO, BIO, Bancoldex) development banks:
1. MGM SUSTAINABLE ENERGY FUND (MSEF) has successfully invested USD 70 million in 28 projects in Colombia, Mexico, Brazil, Panama, El Salvador and Costa Rica.
2. MGM SUSTAINABLE ENERGY FUND II (MSEF II), a follow-on fund to MSEF—currently in fundraising stage—, has a target size of USD 200M and will carry out impact investments in Latin America, the Caribbean and selected countries in South East Asia.
The Fund’s investments support the creation of jobs for small and medium sized enterprises (SMEs), lower energy consumption and a reduction in greenhouse gas emissions.
(1) MGM Innova Capital is used to denote MGM Innova Cap Management, LLC and its wholly-owned subsidiaries, which include MGM Innova Capital LLC, MGM Innova Capital II LLC, and MGM Innova Cap Management Luxembourg S.à.r.l.