A91 Fund II

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 IFC proposes an equity investment of up to US$25 million, not exceeding 20% of total Commitments with an equivalent amount in co-investment envelope, in A91 Emerging Fund II LLP (the “Master Fund” or “A91 II”), a limited liability partnership constituted under the Limited Liability Partnership Act, 2008 through A91 Partners Trust II (“GIFT Fund”), a trust formed in Gujarat International Finance Tec-City, registered with the International Financial Services Centre Authority (“IFSCA”) under the SEBI Alternative Investment Funds (“AIF”) Regulations 2012, as a Category II Alternative Investment Fund (together known as the “Fund”). The Master Fund is targeting US$500-550 million in commitments to invest in 15-17 companies in consumer, financial services, healthcare and technology sectors.