Northern Arc Investments Managers (NAIM), the fund management vertical and a wholly-owned subsidiary of debt financiers, Northern Arc Capital, has raised Rs 65 crore from the Belgian Investment Company for Developing Countries (BIO).
The investment, a part of the company’s AIF (Alternative Investment Fund)—Northern Arc Impact India Fund (NAIIF), will be targeted towards impact enterprises (IE), it said in a statement.
The fund has a total corpus of Rs 700 crore raised from investors Blue Earth Capital, Anthos Fund and Asset Management, and Calvert Impact Capital.
The debt lender said it has deployed 100% of its commitments across 30 investments in impact-focused themes, including financial inclusion, agritech, and climatetech.
About 5.2 million loans were extended from the NAIIF to finance farm productivity through loans for the purchase of fertiliser/manure/seeds/tractor or equipment/livestock and poultry, it added.
The debt lender has raised close to over Rs 1 trillion in financing since 2008.
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