UK Govt's CDC Group commits $25 mn in Lighthouse's $240 mn third fund

CDC, one of the largest institutional investors in Indian PE funds, has committed over $1.7 billion to Indian funds since 2004

CDC Group plc, a development finance institution owned by the UK Government, will invest around $25 million in Lighthouse's third private equity fund - Lighthouse India Fund III, which is around $240 million in size.

The fund will invest in companies which are in the consumer sector and the sweet spot would be $15-25 million.

Lighthouse has invested over $300 million in India, till date.  In 2008, Lighthouse began advising India 2020, Limited (Fund I), an India-focused investment vehicle with a corpus of approximately $100 million. In 2014, the fund began advising a second investment vehicle, India 2020 Fund II,