PROJECT

Projects

Summary of Investment Information

Project Number

50652

Company Name

L Catterton India Fund

Date SPI Disclosed

May 23, 2025

Country

India

Region

South Asia

Projected Board Date

Jun 22, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 16, 2026

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 26, 2025
Signed : Sep 3, 2025
Invested : Oct 10, 2025

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$30 million and an additional co-investment envelope of up to US$30 million under delegated authority in L Catterton India Fund (Fund I or the Fund), a private equity fund focused on providing growth capital to mid-market companies in the India consumer sector, primarily across: (i) food and beverage; (ii) consumer services (including healthcare); (iii) retail and restaurants; and (iv) consumer brands. The Fund is targeting up to US$600 million in total commitments and is expected to size its average ticket per company in the range of US$25-150 million in 7-9 companies.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation