Impact Investor Lok Capital, a private equity and venture capital arm of Lok Foundation, has raised a third fund of $80 to $100 million, which it will use to make at least six investments in the coming year in 2017.
The third fund will focus on growth-stage investments in financial services, healthcare and agriculture—with 70-75% of it going into financial services.
Promise of Good Returns
The firm has a terrific track record. It fully liquidated its first $22 million impact investment fund, with an IRR of 15% in dollar terms. And its second fund is currently tracking 28% return in dollar terms, 75% of which has already been returned to investors.
Founded in 2004 by Rajiv B. Lall, Vishal Mehta (pictured above) and Donald Peck, the Indian-based firm focuses on sectors such as financial services, financial inclusion, healthcare and agriculture. The Indian impact investment firm operates in a market that McKinsey estimates at $4B today and projects will double to $8B by 2025.
Source: LiveMint
