PROJECT

Projects

Summary of Investment Information

Project Number

50726

Company Name

A91 Partners GIFT Trust III

Date SPI Disclosed

Mar 13, 2025

Country

India

Region

South Asia

Projected Board Date

Apr 15, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 11, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 18, 2025
Signed : Apr 21, 2025
Invested : Oct 9, 2025

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$35 million and an additional co-investment envelope of up to US$30 million under delegated authority, in A91 Partners GIFT Trust III (Fund III or the Fund), a private equity (PE) fund focused on providing growth capital to small to mid-market companies in India across (i) consumer; (ii) financial services; (iii) healthcare; (iv) manufacturing; and (v) technology, and together with A91 Partners Trust III (Domestic Fund) is targeting US$675 million in total commitments. The Fund is expected to size its average ticket per company in the range of US$10-50 million in 15 companies.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation