<article>The <a href="https://www.dealstreetasia.com/?s=IFC">International Finance Corporation</a> (IFC), the private investment arm of the <a href="https://www.dealstreetasia.com/?s=World%20Bank">World Bank</a>, is proposing an equity investment of up to $15 million in India-based PE fund <a href="https://www.dealstreetasia.com/?s=Faering%20Capital Evolving Fund">Faering Capital Evolving Fund III Limited</a>.</article>

The <a href="https://www.dealstreetasia.com/?s=IFC">International Finance Corporation</a> (IFC), the private investment arm of the <a href="https://www.dealstreetasia.com/?s=World%20Bank">World Bank</a>, is proposing an equity investment of up to $15 million in India-based PE fund <a href="https://www.dealstreetasia.com/?s=Faering%20Capital Evolving Fund">Faering Capital Evolving Fund III Limited</a>.
In a post-investment disclosure, the IFC said it will take part in the fundraising of Faering Capital, which seeks to secure $200 million, by investing $15 million in the fund.
Faering Capital Evolving Fund III is focused on providing growth capital to mid-market companies in India, spanning sectors such as financial services, consumer products and services, healthcare, logistics, and other consumption enabling sectors.
The fund will be managed by <a href="https://www.dealstreetasia.com/?s=Faering%20Capital International">Faering Capital International</a>, which manages Faering Capital India Evolving Fund I, a 2010 vintage $145-million fund.
&#8220;The fund will provide scarce and patient capital as well as expertise and guidance to support value creation,&#8221; the IFC said.
The IFC added that the fund will support the Indian PE industry &#8220;at a time when broader investor participation has waned&#8221;, through the support of local PE firm with long-term potential, operating in a segment of the market that has few growth capital managers.
&#8220;Recently, fundraising for India&#8217;s PE market has been difficult &#8211; the sector is at a critical inflection point, and investors look to experienced investors with global reach such as IFC to assess the market opportunity,&#8221; it said.
The IFC is one of India&#8217;s most influential PE fund investors, with $707 million committed to 34 funds since 2000.
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The International Finance Corporation (IFC) is proposing an equity investment of up to $15m in India-based Faering Capital Evolving Fund III Limited.

India: IFC likely to invest $15m in Faering Capital's new $200m vehicle

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India: IFC likely to invest $15m in Faering Capital's new $200m vehicle

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