Caspian launches its first debt fund
Caspian Advisors is targeting $40 million for the first pure debt fund in India's social impact segment. The Caspian Impact Investments (CII) fund already has $10 million in commitments from FMO, Triodos Doen and Hivos-Triodos Fund and Gray Ghost Microfinance Fund, as well as local investors and the promoters.
Caspian will invest in specialised intermediaries that support enterprises across four sectors - microfinance, small business financing, food and agriculture and affordable housing. Of these sectors, only...
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