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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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