Apis Partners to launch new fund for investment in social impact companies

IFC proposes to invest up to $25 mn in equity, subject to a cap of 20% of total committed capital

Apis Partners, LLP (Apis), a specialist technology-enabled, financial services-focused private equity player, is launching a new $400 million fund that will invest in companies that make a social impact with products and services that enable financial inclusion in many countries including India.

IFC has proposed to invest up to $25 million in equity, subject to a cap of 20 per cent of the total committed capital.

IFC will also play a catalytic role as a development financial institution (DFI) investor via its stamp of approval to help the fund achieve first close and critical mass. It will also provide additional financing to