The fund last year made a first close of around ₹2,000 crore, and has been looking for investment opportunities since then.
IPOs & Markets
Of the 50 firms that have received Sebi nod for their IPOs, at least 17 are backed by around 23 PE investors.
The development could provide some respite to Essel and its lenders.
Piramal and Lone Star are likely to invest $600-700 million in the platform.
This is the second SDG Bond launched by Grameen Impact.
CDPQ’s other investments in India include Azure Power, CLP India, TVS Logistics and Kotak Mahindra Bank.
Fund managers have raised just $2.5 billion globally, indicating shift to other debt strategies.
Fincare Small Finance Bank is currently in the process of appointing investment banks and other advisers for its IPO.
Both firms and CLP India have been shortlisted for next round.
The bank has invited Expression of interest from buyers by 10 June.
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