Asian Infrastructure Investment Bank (AIIB) has approved US$25 million as a commitment to the Lok Capital IV fund.
This investment marks AIIB's initial foray into impact-focused projects in India, broadening the scope of its portfolio and complementing its existing collaborations with conventional private equity funds. With a target size of up to US$200 million, the fund focuses on early and growth-stage companies and has garnered approximately US$100 million in commitments to bolster funding for infrastructure and related services in the market. The fund's priorities encompass investments that drive developmental outcomes, mitigate greenhouse gas emissions, and incorporate gender-focused initiatives throughout the investment cycle.
The Fund's investment approach is closely aligned with the Bank's mission to promote sustainable infrastructure, as outlined in its Corporate Strategy. AIIB plays a crucial role in mobilizing fresh capital, innovative technologies, and novel approaches to address diverse development challenges within the dynamic Asian market.
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