Northern Arc Investments announces first close of $23 mn in latest fund

This is the eighth debt fund from the Northern Arc platform and the first to onboard international investors. It targets an overall corpus of $100 mn, including greenshoe of $50 mn

Private debt fund manager Northern Arc Investments announced the first closing of its latest fund, Northern Arc India Impact Fund, raising $23 million in comitments from international investors. 

This is the eighth debt fund from the Northern Arc platform and the first to onboard international investors. It targets an overall corpus of $100 million (including greenshoe of $50 million). 

Key investors in the first close included PG Impact Investments, a leading global impact investment firm backed by global private markets investment manager Partners Group, Anthos Fund and Asset Management from the Netherlands and Calvert Impact Capital, an institutional impact investor based in