IFMR Investments launches 2 financial inclusion focused funds

IFMR Investment Managers Private, a subsidiary of IFMR Capital today launched two new funds focused on the country's financial inclusion sector.
The two funds- IFMR Fimpact Long Term Credit Fund and IFMR Fimpact Medium Term Opportunities Fund, have been set up as category II alternative investment funds, the company said in a statement here today.
"We believe that they will be able to address the longer term funding requirements of originators to better address their asset-liability match. The funds are also a vehicle for long term investors to participate in the financial inclusion space," IFMR Capital CEO Kshama Fernandes said.

The funds will take exposure to retail finance investee companies in sectors like microfinance, small business loan finance, affordable housing finance, commercial vehicle finance and agri-business finance, as well as in mid-sized corporations.
The size of IFMR Fimpact Long Term Credit Fund is Rs 200 crore with an option to increase it to Rs 350 crore.
It is the fourth fund launched by the company and is a 10 year debt focused AIF.

IFMR Fimpact Medium Term Opportunities Fund has a size of Rs 250 crore with an option to increase it to Rs 500 crore.
It is a five year debt fund which seeks to offer an attractive medium term debt exposure to investors.

The funds are expected to attract investments from domestic investors such as life insurance, general insurance, banks, NBFCs and private wealth investors.