PROJECT

Projects

Summary of Investment Information

Project Number

47137

Company Name

LIGHTHOUSE INDIA FUND IV AIF

Date SPI Disclosed

Aug 31, 2022

Country

India

Region

South Asia

Projected Board Date

Sep 30, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 30, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Nov 15, 2022
Signed : Dec 20, 2022
Invested : Jun 28, 2023

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$50 million, not exceeding 20% of total commitment, and an additional co-investment envelope of up to US$40 million under the delegated authority framework, in Lighthouse India Fund IV AIF (the “Fund” or “Fund IV”), a mid-market private equity (PE) fund focused on growth transactions in India and targeting US$400 million in total commitments. Consistent with its prior funds, Fund IV will continue to focus on its key strengths of targeting growth stage mid-market companies in consumer, healthcare, specialty manufacturing and digital transformation sectors. The Fund is expected to size its average ticket per company in the range of US$20-40 million in 10-12 companies.                                                  

Associated Advisory Engagement

          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation