US EditionIFC Commits $30 Mn To L Catterton’s $600 Mn India Fund
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IFC Commits $30 Mn To L Catterton’s $600 Mn India Fund
The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed a $30 Mn infusion in India-focussed consumer fund launched by L Catterton Asia and former Hindustan Unilever Ltd (HUL) executive Sanjiv Mehta. The duo formed the investment vehicle named L Catterton India Fund (Fund I or the Fund) last year. In its disclosure, IFC also proposed a co-investment envelope of up to $30 Mn under delegated authorit…
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