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IFC approves $10.5m commitment

The US-based government related investment organisation has backed an India-based private equity vehicle.

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Institution: International Finance Corporation
Headquarters: Washington D.C., United States
AUM: $43.40bn
Allocation to alternatives: 26.99%
Bitesize: $10-50m

International Finance Corporation committed $10.5 million to India Alternatives Private Equity Fund II. The fund focuses on the financial services, business services, and TMT sectors in pursuing growth capital investments in small- to mid-cap companies in India.

As illustrated in the chart below, IFC has made several commitments to funds with a 2019 and 2020 vintage.

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