By Ishita Russell
IFC ‘s proposed investment consists of an A-loan of $35 million by way of an external commercial borrowing (ECB).
Oikocredit and Omidyar Network India, HDFC Life Insurance, HDFC Holdings and Women’s World Banking invested in the round.
Adjuvant Global is raising $200 million in a 10-year closed-end fund to make equity, mezzanine, and debt investments in companies that seek to solve overlooked public health challenges.
PG Impact Investments I targets social themes such as financial inclusion, affordable housing, energy access, agriculture/food, health and education.
The fund aims to hit its final close of $50 million by the end of 2019.
The investment has been made through Patamar Capital’s women SME-focused impact fund.
The bonds with a tenor of five years will be exclusively applied to finance eligible green projects.
The deal marks the first issuance of green bonds in India’s impact investing space, said Northern Arc.
Vivriti Capital received approval from the Reserve Bank of India to float an NBFC in January 2018.
Omidyar Network, Ford Foundation and Resonance Impact Fund have come on board as new limited partners (LPs) at Capria.