PROJECT

Projects

Summary of Investment Information

Project Number

45858

Company Name

A91 EMERGING FUND II LLP

Date SPI Disclosed

Sep 13, 2021

Country

India

Region

South Asia

Projected Board Date

Oct 22, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Oct 22, 2021
Signed : Nov 10, 2021
Invested : Mar 28, 2022

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$25 million, not exceeding 20% of total Commitments with an equivalent amount in co-investment envelope, in A91 Emerging Fund II LLP (the “Master Fund” or “A91 II”), a limited liability partnership constituted under the Limited Liability Partnership Act, 2008 through A91 Partners Trust II (“GIFT Fund”), a trust formed in Gujarat International Finance Tec-City, registered with the International Financial Services Centre Authority (“IFSCA”) under the SEBI Alternative Investment Funds (“AIF”) Regulations 2012, as a Category II Alternative Investment Fund (together known as the “Fund”). The Master Fund is targeting US$500-550 million in commitments to invest in 15-17 companies in consumer, financial services, healthcare and technology sectors.                                                  

Associated Advisory Engagement

 N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation