Business Oxygen Private Limited (BO2) is Nepal’s first private-equity fund that has a climate focus. It is a part of the IFC’s Global SME Ventures initiative with investments from the IFC of the World Bank Group, Climate Investment Fund’s (PPCR) and UK Aid’s DFID and is managed by WLC Ventures Pvt. Ltd, a subsidiary of White Lotus Centre Pvt. Ltd. This sector-agnostic fund combines risk capital financing with advisory support to help investee small and medium enterprises develop fundamental financial systems, quality-assurance standards, and corporate governance frameworks.