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MDGIF Investment Policy Statement

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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.
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5 INVESTMENT FRAMEWORK
5.1
Steps to Investments Decisions for MDGIF
a. The steps to the investment decision making for the Fund’s equity investments in
infrastructure related to midstream and downstream gas operations shall be as
follows:
i.
Project Origination and Sourcing
ii.
Screening and Due Diligence
iii.
Management Investment Committee Review
iv.
Technical and Commercial Evaluation
v.
Governing Council Investment Decision
vi.
Financial Close
b. Each step of the investment decision process shall be implemented in line with the
guidelines in this MIPS.

5.1.1 Project Origination and Sourcing
The Fund shall originate and source potential equity investments in midstream and
downstream gas projects through the following:
i.
Receipt of investment proposals from project promoters in line with MDGIF’s objectives
for consideration.
ii.
The MDGIF may source for gas infrastructure opportunities within the midstream and
downstream gas sectors.
5.1.2 Screening and Due Diligence
For all potential investments, the Fund shall conduct a screening and due diligence review
to ensure the project meets its selection criteria for investment as follows:
i.
A robust policy and procedures for opportunity screening and due diligence in line
with documented criteria and requirements shall be used.
ii.
Screening of potential opportunities to be carried out by staff of MDGIF under the
direction of the Executive Director in line with the MIPS.
iii.
The MDGIF would conduct a due diligence evaluation of the project covering