IFC to invest $90-M in Lighthouse India Fund IV
IFC proposes an equity investment of USD 50 million, and an additional co-investment envelope of about USD 40 million in Lighthouse India Fund IV AIF, a mid-market private equity (PE) fund focused on growth transactions in India. The fund is targeting USD 400 million in total commitments. Consistent with its prior funds, Fund IV will target growth stage mid-market companies in consumer, healthcare, specialty manufacturing and digital transformation sectors. The fund is expected to size its average ticket per company in the range of USD 20-40 million in 10-12 companies.
Want to receive such news items in your inbox? Click Here to sign up for a trial.