Faering Capital International Growth Fund III

active

 The proposed investment is an equity investment of up to US$20 million, capped at 20% of final fund size into Faering Capital International Growth Fund III (“Fund”, “Faering III”), a mid-market private equity (PE) fund focused on growth equity transactions in India and targeting US$300 in total commitments. The Fund will be managed by Faering Capital Advisors LLP (the “Manager”). Consistent with its prior funds, Faering III will continue to focus on its key strengths of targeting growth stage mid-market companies in financial services, consumer and digital, pharma and healthcare, and other sectors such as business services. The new Fund is expected to size its average ticket per company in the range of US$15-40 million in 10-12 companies.  A delegated authority co-investment envelope for an amount of up to US$20 million in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the Fund commitment.