India: IFC proposes to invest $40m in Quadria Capital's third fund

India: IFC proposes to invest $40m in Quadria Capital's third fund

Source: Olga Kononenko/Unsplash

The International Finance Corporation (IFC), a part of the World Bank Group, has proposed to invest up to $40 million in Quadria Capital Fund III, the third investment vehicle of healthcare-focused private equity investor Quadria Capital, it said in a disclosure.

Quadria Capital Fund III is targeting to raise a total of $800 million (with a hard cap of $1 billion). IFC’s support with a $40-million equity investment will help the fund reach its first close, the disclosure said.

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