IFC proposes equity investment of $10 mn into India Alternatives' Fund

International Finance Corporation (IFC) has proposed an equity investment of up to $10 million into India Alternatives Private Equity Fund II (the Fund), which is targeting $70 million of commitments to pursue growth capital investments in small to mid-cap companies in India.

The fund has a total committed capital target of $ 70 million, of which IFC’s proposed investment is up to $ 10.5 million in equity, not to exceed 20 per cent of the aggregate commitments. The Fund is planning to pursue growth capital investments in small to mid-cap companies in India. The Fund is a scheme of the