Creation Investments Sets up India-Focused $100 Million Debt Fund
Global impact investor Creation Investments Capital Management LLC has set up a debt fund in India, for which it will raise $100 Mn to invest in the country. The alternative investment manager which is focused on financial services and financial inclusion for the underbanked segment of the population has appointed Remika Agarwal as its vice-president and India head.
Creation focuses on private equity investments in microfinance institutions, small-and-medium enterprise lenders, emerging market banks, insurance providers, fintech, payments businesses and other financial service institutions focused on the unbanked and underbanked in the developing world. In India, its new fund will focus on providing debt financing to non-banking financial companies (NBFCs) serving the population in areas such as micro-lending, affordable housing, vehicle loans, small- and medium-enterprise lending (SMEs), and education finance.
Photo courtesy of Baluda.
Source: Inc42 (link opens in a new window)