PROJECT

Projects

Summary of Investment Information

Project Number

48900

Company Name

Phi Capital Growth Fund 1.6

Date SPI Disclosed

Nov 28, 2023

Country

India

Region

South Asia

Projected Board Date

Jan 2, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 16, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Mar 4, 2024
Signed : Apr 17, 2024
Invested : Aug 14, 2024

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$20 million, not exceeding 20% of the total commitment, in PCGF 1.6 GIFT City Fund (“Fund II” or the “Fund”), a private equity (PE) fund focused on providing growth capital to small and mid-market companies across (i) consumer; (ii) manufacturing; (iii) financial services; (iv) healthcare; and (v) tech enabled services sectors, and together with Phi Capital Growth Fund 1.6 (Master Fund) is targeting US$250 million in total commitments. The Fund is expected to size its average ticket per company in the range of US$15-40 million in 8-10 companies.                                                  

Associated Advisory Engagement

 N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation