Investors commit $90 million in Lok Capital's third fund

The fund has already deployed nearly a third of this capital

Impact investor Lok Capital has received $90 million in commitment from investors for its $100-million third fund, which is likely to make a final close in November, said a partner at the firm. 

Lok has already deployed nearly a third of this capital ($25 million to $26 million) since May last year after receiving $60.5 million from investors, said Vishal Mehta, co-founder and partner at the firm. 

It has earmarked another $5 million for follow-on funding in existing investments. Lok Capital had announced the first close for its third fund at $40.5 million in June 2016 but began investing earlier.