Aavishkaar-Intellecap Group raises Rs 2.25 billion investment from Nuveen

Nuveen offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors

The Aavishkaar-Intellecap Group, a pioneer in impact investing and manager of a diversified financial services group focused on low-income markets in Asia and Africa, announced an investment of Rs 2.25 billion ($32 million) in its group holding firm by Nuveen, the investment management business of TIAA. 

The investment will allow the group to consolidate holding in its subsidiary companies in the microfinance, SME lending and financial technology space and pursue its ambition to consolidate its presence in South East Asia and Africa significantly.

Nuveen offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and