IFC proposes $40m investment in Baring PE Asia’s latest India credit fund

IFC proposes $40m investment in Baring PE Asia’s latest India credit fund

International Finance Corporation (IFC), a member of the World Bank Group, has proposed a $40-million investment in the latest India-focused credit fund of Baring Private Equity Asia (BPEA), according to its latest disclosure.

Baring PE Asia, the global alternative investment major, is seeking to raise $500 million in capital commitments for BPEA Credit – India Fund III. The fund will invest predominantly in senior debt instruments of corporates that are based in or have substantial operations in India.

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