Northern Arc Investments raises $23m

The India-based investment manager has held a first close on its eighth private credit fund.

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  • Fund name: Northern Arc India Impact Fund
  • Amount raised: $23 million
  • Target Size: $100 million
  • Stage of fundraising: First close
  • First close date: March 2020

Northern Arc Investments has held a first close on Northern Arc India Impact Fund on $23 million. The vehicle will target the microfinance, small business loans, agribusiness, corporate finance and vehicle finance sectors across Asia-Pacific.