India Focused Growth Consumer Fund
There is a massive formalization of the Indian economy underway. The payments revolution in India is driving the transformation in the sector and resulting in the institutionalization of businesses. The overall result is an Indian Consumer Explosion.
- Co-investment available to Fund investors only; Investment size of USD 7.5M – 20M per investee company
- Fund term 10 + 2 years from the date of final closing and commitment period of 5 years from the date of initial closing
- Fund size USD 250M including domestic commitments of USD 100M
- Hurdle rate of 8% p.a. at carried Interest of 20% over hurdle rate with no catch-up
- Portfolio target of 10 – 12 businesses with an average holding period of 4 – 5 years
- Over USD 200M invested and over USD 270M returned to investors
- 4 complete exits and 3 companies marked up significantly out of 14 investments
- Fund 1 USD 91M (including co-invest)