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Apis Partners to launch new fund for investment in social impact companies

IFC proposes to invest up to $25 mn in equity, subject to a cap of 20% of total committed capital

T E Narasimhan  |  Chennai 

Apis Partners to launch new fund for investment in social impact companies

Apis Partners, LLP (Apis), a specialist technology-enabled, financial services-focused private equity player, is launching a new $400 million fund that will invest in that make a with products and services that enable in many countries including India.

has proposed to invest up to $25 million in equity, subject to a cap of 20 per cent of the total committed capital.

will also play a catalytic role as a development financial institution (DFI) investor via its stamp of approval to help the fund achieve first close and critical mass.

It will also provide additional financing to investee through debt and equity co-investments.

The primary focus countries of the fund will include India, Cote d'Ivoire, Kenya, Morocco, Nigeria, South Africa, Indonesia, Pakistan and the Philippines.

The Fund's objective is to make mid-market investments in financial services and technology such as payments, credit and savings, insurance, technology enablers and service providers and capital markets in Africa and Asia.

The fund will focus on supporting growth-stage that require equity to expand their geographies and product range or to fund vertical integration.

First Published: Mon, June 04 2018. 20:49 IST
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