PROJECT

Projects

Summary of Investment Information

Project Number

45210

Company Name

FAERING CAPITAL INTERNATIONAL GROWTH FUND III

Date SPI Disclosed

Apr 13, 2021

Country

India

Region

South Asia

Projected Board Date

May 28, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 10, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 28, 2021
Signed : Oct 13, 2021
Invested : Dec 15, 2021

Sector

Growth Equity Fund

Project Description

 The proposed investment is an equity investment of up to US$20 million, capped at 20% of final fund size into Faering Capital International Growth Fund III (“Fund”, “Faering III”), a mid-market private equity (PE) fund focused on growth equity transactions in India and targeting US$300 in total commitments. The Fund will be managed by Faering Capital Advisors LLP (the “Manager”). Consistent with its prior funds, Faering III will continue to focus on its key strengths of targeting growth stage mid-market companies in financial services, consumer and digital, pharma and healthcare, and other sectors such as business services. The new Fund is expected to size its average ticket per company in the range of US$15-40 million in 10-12 companies. 

A delegated authority co-investment envelope for an amount of up to US$20 million in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the Fund commitment.                                                  

Associated Advisory Engagement

 N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation