India s Northern Arc Eyes $100 Million Green Private Credit Fund bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Alternative investment funds (AIFs) - pooled investment vehicles catering to high net worth individuals (HNIs) - saw a 30 per cent increase in investment commitments during financial year 2022-23 (FY23).
At the end of March 2023, the total investment commitments raised stood at Rs 8.33 trillion, up Rs 1.92 trillion from Rs 6.41 trillion at the end of March 2022.
A commitment is the money clients are willing to put into AIFs.
Mumbai (Maharashtra) [India], March 2 (ANI/NewsVoir): India's apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA) honoured the key players and top performers of the PE-VC ecosystem from 2022 in the sixth edition of the IVCA PE-VC Awards, held on the final day (Feb 22) of the 12th IVCA Conclave, India's largest PE-VC event. The Awards Partner for the sixth edition of IVCA PE-VC Awards was Praxis Global Alliance, and the Awards Sponsors were Blume Ventures and TVS Capital Funds. The jury comprised Deepak Bagla (Managing Director and CEO, Invest India), UK Sinha (Former SEBI Chairman), Anita Marangoly George (Founding Partner, Edhina), Cate Ambrose (CEO and Board Member, GPCA), Sanjeev Bikhchandani (Founder, Info Edge India Ltd) and Vivek Pandit (Senior Partner, McKinsey & Company). Commenting on the IVCA Conclave 2023 PE-VC Awards, Deepak Bagla, MD and CEO, Invest India, remarked, "Our Prime Minister propelled the Startu
Northern Arc exits from first impact credit fund and delivers 15 pc return to investors
Northern Arc Investments has faced significant headwinds from demonetisation, GST rollout, the NBFC crisis, and the COVID-19-induced national lockdown.
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Northern Arc Investments, the private debt fund and subsidiary of Northern Arc Capital with a focus on lending to microfinance institutions, have announced the successful maturity and exit of its first fund –
IFMR FImpact Investment Fund.
On the exit, Ravi Vukkadala, CEO – Northern Arc Investments, said, “This is a very significant and satisfying milestone for us. This is our second consecutive timely exit from our investment platform in the last two years, reinforcing our track record as an experienced private credit fund manager from India.”
Northern Arc Investments exits maiden fund with 15% net returns thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.