IFC backs Lighthouse’s second India SME fund
Lighthouse Funds has won a commitment of up to $25 million from the International Finance Corporation (IFC) for its latest India-focused vehicle. The GP is targeting a corpus of $125 million for India 2020 Fund II, which will invest in small- and medium-sized enterprises (SMEs).
Lighthouse, which was established in 2001 by Mukund Krishnaswami and W. Sean Sovak, has been active in India for about six years. Its 2008 vintage debut fund closed at $100 million and has generated an...
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