LotusPool targets $125m India fund, IFC to invest
LotusPool Capital, a private equity firm set up by executives from Actis and ePlanet Capital, has received a $15 million commitment from International Finance Corporation (IFC) for its debut fund. The vehicle, which has a target of $125 million, will invest in small and medium-sized enterprises (SMEs) in South India and emerging states with low PE penetration.
According to an IFC filing, LotusPool Fund I will focus on taking controlling stakes in scalable SMEs that are at early expansion phase of their growth cycle. The development finance institution's presence...
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