Venture Intelligence (TSJ Media Pvt. Ltd.)
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SBICAP Ventures to manage MEA’s Rs.1,000-Cr TDC Fund-of-Funds
SBICAP Ventures (SVL), the private equity arm of State Bank of India, has launched Trilateral Development Cooperation (TDC) Fund in partnership with the Ministry of External Affairs (MEA). The TDC Fund is a Category II alternative investment fund (AIF) with a corpus of INR 700 crore and a green shoe option of INR 300 crore. TDC Fund, a fund-of-fund, will route MEA’s capital commitments to eligible daughter funds, starting with its investment in the GIP Fund under the India - UK Global Innovation Partnership (GIP). SVL has been appointed as the Investment Manager of the TDC Fund.TDC Fund aims to foster, transfer, and scale up demonstrated and sustainable innovations from India to select developing countries, promoting their economic development, and accelerating Sustainable Development Goals.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.