PROJECT

Projects

Summary of Investment Information

Project Number

47442

Company Name

MULTIPLES PRIVATE EQUITY GIFT - FUND IV

Date SPI Disclosed

Nov 18, 2022

Country

India

Region

South Asia

Projected Board Date

Dec 20, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 27, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 19, 2022
Signed : Mar 28, 2023
Invested : May 25, 2023

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$60 million and an additional co-investment envelope of up to US$40 million under the delegated authority framework, in Multiples Private Equity GIFT – Fund IV (the “Fund” or “Fund IV”), a mid-market private equity (PE) fund focused on growth transactions in India and, together with Multiples Private Equity Fund IV (India Fund) is targeting US$800 million to US$1 billion 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 financial services, consumer, technology, healthcare and pharmaceuticals sectors. The Fund is expected to size its average ticket per company in the range of US$50-US$150 million in 10-12 companies.                                                  

Associated Advisory Engagement

                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation