Lok Capital, an India-focussed impact investment fund, announced the closure of its third fund at $40.5 million.
This, along with Lok Capital’s first and second fund, will bring the total capital under management to over $125 million. Existing limited partners or investors — CDC Group Plc, the U.K. Government’s development finance institution, Netherlands Development Finance Company and French development financial institution, Proparco took part in the third round.
The third fund has a total target corpus of about around $100 million.