Two India-focused impact funds, of $1 bn each, launched during GSG summit

Impact investing in India has grown to be a billion-dollar-a-year industry, with the potential to grow 20-25% a year

Two wholesale funds -- India Impact Fund of Funds (IIFF) and the India Education Outcomes Fund (IEOF) -- to further the growth of impact capital in India were launched on Wednesday during the fourth annual Impact Summit hosted by the Global Steering Group for Impact Investment (GSG) in New Delhi. 

The IEOF is a first-of-its-kind $1-billion fund that will use funding at scale from development finance institutions (DFIs), foundations, and other institutions to align with the government's agenda of providing quality education with better learning outcomes, while the IIFF will be a $1-billion pool of equity and debt funds to