Private Equity

Fund News

SBI's PE arm hikes climate fund's target 5 times to Rs 2,000-Cr

Business Standard  

State Bank of India's private equity arm has scaled up the target for its climate fund by five times to INR 2,000 crore. The climate and environment-focussed fund started off with a corpus of INR 400 crore. SBICap Ventures has already got commitment from European Investment Bank (EIB) for about INR 215 crore. It is also talking to financial institutions from Japan and the UK for commitments. Investment by a Japanese agency is likely to be over INR 200 crore.