Library / Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

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Applicable to:            MDGIF Project Promoters  
Equity Partners 
MDGIF INVESTMENT POLICY STATEMENT (MIPS) 
 
Code: MDGIF Guide 1001 - 2024 
 
Effective Date: 17th May 2024 
 
 
This document is a property of the Midstream and Downstream Gas Infrastructure Fund. All rights reserved. 
29 
commercial, financial, technical, legal, environmental, and social viability of the 
project.   
iv. 
The required due diligence exercise would vary depending on the complexity of the 
project or opportunity. 
5.1.3 Management Investment Committee Review 
Following the screening and due diligence review, all investment proposals shall be 
presented to the Fund’s Management Investment Committee for review. The Management 
Investment Committee shall review as follows: 
i. 
The report of the screening and due diligence shall be reviewed by the MIC for 
completeness, and the basis of classification of the project shall be ascertained as 
being in line with the criteria and procedure. 
ii. 
Based on their review of the findings and recommendations of the screening and due 
diligence report, the MIC decides whether to decline or approve the investment for 
further evaluation by the Transaction Advisor.  
iii. 
The MIC would also use the screening and due diligence report as a basis to 
determine proposed investment terms and structure for the investment project 
proposal.  
iv. 
The MIC shall refer approved projects to the Transaction Advisor for technical and 
commercial evaluation by the Transaction Advisor.  
5.1.4 Technical and Commercial Evaluation 
Following the screening decision on the investment proposal and classification as eligible for 
investment, the Transaction Advisor shall:  
i. 
Evaluate project proposals for technical and commercial viability; and consistency 
with the MIPS. 
ii. 
Conduct detailed analysis of the project proposal, and relevant supporting 
documents to confirm its technical and commercial feasibility, profitability and other 
financial metrics, and potential investment structure.  
iii. 
In conjunction with Legal Counsel retained by the MDGIF or the Transaction Advisor 
for the project, review the draft transaction documentation, and provide 
recommendations on risks, mitigants, bankability of such documents and steps to be