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IFC proposes $20m to Indian fund

The World Bank Group has backed Chiratae Ventures's fourth fund to support start-up businesses in India.

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Institution: International Finance Corporation
Headquarters: Washington, D.C., United States
AUM: $43.64bn
Allocation to Alternatives: 33.0%
Bitesize: $10m-50m

International Finance Corporation (IFC) has unveiled its plan to commit $20 million to Chiratae Ventures Master Fund IV, an early-stage venture fund focusing on Indian start-ups.

As illustrated below, IFC has a 19.0 percent target allocation to private equity. To date, the institution has committed $220 million to 11 private equity funds with a 2019 vintage.

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