PROJECT

Projects

Summary of Investment Information

Project Number

51619

Company Name

INDIA ALTERNATIVES PRIVATE EQUITY FUND III

Date SPI Disclosed

May 5, 2026

Country

India

Region

South Asia

Projected Board Date

Jun 4, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

May 10, 2026

Department

Equity Portfolio Management

Industry

Funds

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to US$20 million and an additional co-investment envelope of up to US$15 million under the delegated authority framework in India Alternatives Private Equity Fund 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 the following themes (i) Women Consumption; (ii) Gen Z and Millennials Consumption; (iii) Technology; (iv) Financial Services; (v) Health and Wellness; and (vi) Climate and Sustainability.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation