India’s Lok Capital seeks $200m for Fund IV, gets AIIB support

Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure Investment Bank (AIIB) for its fourth private equity fund. The target is USD 200m.

Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure Investment Bank (AIIB) for its fourth private equity fund. The target is USD 200m.

Lok launched the fund in November 2018, initially seeking USD 150m. A first close of USD 90m case last December with contributions from Evolvence India and Switzerland-based Blue Earth Capital. LPs.

 With a target size of up to US$200 million, the fund invests in early and growth-stage companies and has raised about US$100 million in commitments to augment financing for infrastructure and related services across the market.

Specifically, the fund will look at investments that promote development impacts, reduce greenhouse gas emissions, and incorporate gender interventions across the investment process.

The bank’s contribution is capped at 20% of the fund’s total capital commitment with a co-investment sleeve of up to US$5 million.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

Renta 4 Banco analysts view Antin’s €5.75-a-share offer favourably given that it represents a premium relative to both Opdenergy’s closing price of €4.00 on Friday and last year’s IPO price of €4.75, and the company’s three largest shareholders back it, they said in a research note.

 Source: AVCJ

Can’t stop reading? Read more