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Aavishkaar Goodwell plans to raise $ 80 mn microfinance equity fund
In the wake of recent partial exit from Chennai based Microfinance  institution Equitas, Aavishkaar Goodwell’s managers expect that this  exit will accelerate their efforts to raise a second microfinance private equity fund for India of USD 80 mn, which is planned to have its first closing this fall, according to an email note sent to Microfinance Focus. The fund is targeted at development banks, family offices, institutional investors and funds-of-funds. The team has hit the road with the new fund earlier this year, and has already received commitments from existing investors in the first fund.

Aavishkaar Goodwell India Microfinance Development Company Ltd (“AGIMDC”) is a USD 18 mn venture capital investment company for the microfinance sector in India. The Aavishkaar Goodwell portfolio in India consists of 7 MFI’s, of which 3 are start ups.
Source :
Microfinance Focus
 
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