PROJECT

Projects

Summary of Investment Information

Project Number

40323

Company Name

FAERING CAPITAL EVOLVING FUND III LIMITED

Date SPI Disclosed

Feb 8, 2018

Country

India

Region

South Asia

Projected Board Date

May 18, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 10, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 18, 2018
Signed : May 30, 2018
Invested : Jun 22, 2018

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$15 million in Faering Capital Evolving Fund III Limited (the “Fund”), a Mauritius based limited life and limited liability company. The Fund is focused on providing growth capital to mid-market companies in India spanning sectors such as financial services, consumer products/services, healthcare, logistics and other consumption enabling sectors.

Associated Advisory Engagement

             n/a                                      

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation