Social Finance unveils two India-focused impact funds worth $2b
By Pramughda Mamgain
Global impact investment firm Social Finance on Monday announced the launch of two India-focused funds of $1 billion each in a bid to drive social change across sectors including education, social infrastructure, and affordable housing.
The two funds will be housed under Social Finance India, which was officially launched on Monday in New Delhi by Ronald Cohen, chairman of the Global Steering Group for Impact Investment, and also co-founder and director of Social Finance UK, Social Finance USA, Social Finance Israel.
The Indian entity will be headed by Govind Sankaranarayanan, who held leadership positions at the Tata Group for over two decades, and until very recently was the COO of Tata Capital, Social Finance said in a statement.
Photo courtesy of JanetandPhil.