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. 
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and development opportunities. 
c. Considering the need to balance long-term capital preservation and the impact of 
expected inflation the MDGIF aims to target projects having a positive NPV. 
4.7 
MDGIF Reinvestments 
In line with the MDIGF’s investment policies and objectives, all earnings, and returns accruing 
to the MDGIF shall accumulate and be reinvested by the MDGIF in new gas infrastructure 
projects to further expand the MDGIF’s investment portfolio and increase overall returns.  
4.8 
Asset Allocation and Exposure Limits 
4.8.1 General 
a. The MDGIF would invest in a diversified mix of gas infrastructure assets that is consistent 
with its investment objectives, risk tolerance, liquidity requirements and market 
conditions. 
b. The MDGIF’s asset allocation shall be underpinned by sound and efficient capital 
allocation principles to avoid concentration risks and minimise excessive exposures to 
any single project, single client or group-companies, market segments and industries 
within the midstream and downstream gas value chain (balanced portfolio).  
c. The MDGIF may allocate a significant portion of its capital towards core gas 
infrastructure assets that provides stable and predictable returns at lower risks such as 
long-term contracted gas transportation and distribution assets.  
d. In addition, a considerable proportion of the MDGIF’s capital may be allocated to 
value-added investments within the midstream and downstream gas infrastructure 
value chain which are targeted at enhancing the value of existing gas assets or 
developing add-on new assets such as the development of processing facilities, 
expanding existing midstream and downstream gas infrastructure to new markets etc.  
4.8.2 Fund Allocation Principles 
The following allocation limits shall apply; 
i. 
The MDGIF’s exposure to a given project or project sponsor shall not exceed forty 
nine percent (49%) of the total project cost. 
ii. 
The MDGIF may not, within a financial year, commit more than [fifteen per cent 
(15%)] of the MDGIF’s annual investment capital to any single project, or single 
Project Promoter (which shall include related parties or projects of project