Metier has received USD113m million in commitments and has called a first close of its second Sustainable Capital Fund, MSC II. The fund will target renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. MSC II secured commitments from Germany’s development finance institution DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH), Dutch entrepreneurial development bank FMO (Financierings-Maatschappij voor Ontwikkelingslanden N.V.) and Proparco (the private sector arm of the French Development Agency), all of whom have previously invested with Metier in either their growth or sustainable capital funds. Read more»