Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,910.1553.35
Stock Analysis, IPO, Mutual Funds, Bonds & More

Lok Capital eyes $50-m debt fund

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

, ET Bureau|
Feb 28, 2018, 08.32 AM IST
0Comments
ThinkStock Photos
Debt fund
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

RenewBuy raises Rs 130 crore from Lok Capital, IIFL AMC

Impact investor Lok Capital deploys 60% of Fund III

Lok Capital invests in Siddhivinayak Agri Processing

Lok Capital to raise $100 million; to invest in health, agriculture companies

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service