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
Page 3 of 34
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. 3 3.12.2 Anti-Corruption and Fraud ________________________________________________ 18 3.13 Non-Conforming Proposals _________________________________________________ 19 4 INVESTMENT POLICY AND GUIDELINES _____________________________________________ 20 4.1 Investment Principles_________________________________________________________ 20 4.1.1 Alignment with National Strategic Development Goals _____________________ 20 4.1.2 Long-term Focus with Clear Exit Strategy __________________________________ 20 4.1.3 Diversification of Portfolio _________________________________________________ 21 4.1.4 Environmental, Social, and Governance (ESG) _____________________________ 21 4.1.5 Transparency and Accountability _________________________________________ 21 4.1.6 Collaborative Project Management _______________________________________ 21 4.2 Project Screening and Evaluation _____________________________________________ 22 4.3 Investment Criteria ___________________________________________________________ 22 4.4 MDGIF Involvement in Infrastructure Projects __________________________________ 23 4.5 Base Currency _______________________________________________________________ 24 4.6 Return Target ________________________________________________________________ 24 4.6.1 Forms of Equity Investment Returns: _______________________________________ 24 4.6.2 Return Benchmark:_______________________________________________________ 24 4.7 MDGIF Reinvestments ________________________________________________________ 25 4.8 Asset Allocation and Exposure Limits __________________________________________ 25 4.8.1 General _________________________________________________________________ 25 4.8.2 Fund Allocation Principles ________________________________________________ 25 4.8.3 Project Account _________________________________________________________ 26 4.9 Capital Reinvestment and Compounding _____________________________________ 26 4.10 Socio Economic Investments _______________________________________________ 26 4.11 Investment of Idle Funds ____________________________________________________ 26 4.11.1 General _________________________________________________________________ 26 4.11.2 Investment Criteria for Idle Funds _________________________________________ 27 5 INVESTMENT FRAMEWORK ________________________________________________________ 28 5.1 Steps to Investments Decisions for MDGIF ______________________________________ 28 5.1.1 Project Origination and Sourcing __________________________________________ 28 5.1.2 Screening and Due Diligence _____________________________________________ 28 5.1.3 Management Investment Committee Review ______________________________ 29 5.1.4 Technical and Commercial Evaluation ____________________________________ 29 5.1.5 Final Investment Decision (FID) ___________________________________________ 30
MDGIFPDF20242024-053