January 26

Aavishkaar Capital and KfW Launch $250 Million ESG Fund

Mumbai-headquartered impact investing arm of Aavishkaar Group, Aavishkaar Capital has announced the launch of a $250 million ESG First Fund with German investment and development bank, KfW. The fund will focus on investing in Asia and Africa to strengthen the Environmental, Social, and Governance (ESG) practices of mid-cap businesses and offer them growth capital for expansion.

The fund will provide transformational capital to businesses to improve their ESG standards and meet increasing demands on corporate due diligence especially for access to European markets, said a statement issued by the group.

Source: Your Story (link opens in a new window)

ESG, governance, impact investing