Northern Arc, Gawa Capital raise $15m fund for on-lending to Indian NBFCs

Photo: Pixabay

Northern Arc Capital, a debt platform for non-banking finance companies, has structured and co-invested in a Rs 106-crore (about $15 million) pooled bond issue with Spanish impact investment fund Magallanes Impacto for on-lending to small and mid-sized businesses across India.

The fund, which is being advised and managed by Gawa Capital Partners, will give the investors exposure to financial inclusion-focused NBFCs in India, across education finance, commercial vehicle finance and MSME finance, per a statement.

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