LP Tearsheet

ADB commits $50m to India PE

The Asian multilateral financial institution has committed capital to True North’s India-focused private equity fund.

By
Raymond Lau
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The Asian Development Bank (ADB) has approved an equity investment of up to $50 million in True North’s sixth fund.

True North IV is expected to make up to ten equity investments of between $50 million and $150 million in the middle-market companies in the financial services, healthcare, consumer and technology sectors in India.

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