The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

    Lok Capital eyes $50-m debt fund

    Synopsis

    Education, healthcare, agriculture, clean energy and financial services will be the key sectors the fund will focus on.

    ThinkStock Photos
    The fund house hopes to get two anchor investors for the fund by mid this year.
    NEW DELHI: Impact investor Lok Capital is on road to raise a debt fund with a target of $50 million (Rs 325 crore), people close to the matter said. It will make investments ranging from $1-3 million across a much broader range of companies than its equity funds.

    Education, healthcare, agriculture, clean energy and financial services will be the key sectors the fund will focus on. In impact investing, investments are made with an intention to generate a social or environmental impact alongside a financial gain. The fund house hopes to get two anchor investors for the fund by mid this year.

    Lok Capital is also seeking to close its Fund III, targeted at a corpus of $90-100 million, in the next few months. It has deployed about 60% of the capital raised in first 18 months of the fund. "So far, about $50 million has been made in terms of commitments or deployments in new companies and follow-on investments," Vishal Mehta, cofounder of Lok Capital, told ET.

    Also Read

    The Economic Times