January 11

Lok Capital Logs First Close of Its Fourth Fund at $90 Million

By Dia Rekhi

Lok Capital has made the first close of its fourth fund with commitments totalling $90 million, the impact investment firm said on Tuesday.

The Chennai-based fund said the final close – at $150-$200 million – is expected by September this year.

Limited Partners, or investors, in its first close – which took place last month – included British International Investment (BII), Dutch development bank FMO, Evolvence, and Blue Earth, as well as new names like the US International Development Finance Corporation (DFC) and OeEB (Austrian Development Bank).

The fourth fund will invest in financial services, including fintech, health-tech, food and agri-tech, and climate tech. It will also include a stronger focus on tech-enabled models in the sectors that the company is present in.

Photo courtesy of NEC Corporation of America.

Source: The Economic Times (link opens in a new window)

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