Creation Investments sets up debt fund to invest $100 million in India

Mumbai: Global impact investor Creation Investments Capital Management LLC is setting up a debt fund in India and will raise $100 million to invest in the country, the company said. The Chicago, US-based alternative asset manager has appointed Remika Agarwal as its vice-president and country head for India.

India is Creation’s single largest destination for impact investments in companies providing access to capital to unbanked and underbanked families and businesses. The fund focuses exclusively on providing debt financing to non-bank financial companies (NBFCs) serving the Indian population in areas such as micro-lending, affordable housing, vehicle loans, small- and medium-enterprise lending (SMEs), and education finance.