Northern Arc Investments, the alternative investment arm of non-banking financial company Northern Arc Capital, today announced the successful maturity and closure of IFMR FImpact Investment Fund with a higher-than-expected return.
Launched in 2015, the IFMR FImpact Investment Fund is the maiden fund from Northern Arc Capital’s investment platform. It was also the first microfinance-focussed private credit fund in India. The fund raised ₹1,000 million in commitments from an investor base, which included banks, insurance companies and HNIs.
Accion Global Investments’ portfolio company Northern Arc is featured in this Hindu BusinessLine article.