In December 2016, CDC invested $25 million into Amicus Capital Partners Fund I. The fund manager is building a portfolio of between 10 to 12 companies, and has raised a total fund size of $79 million. The fund will make investments of $8 million to $20 million, including co-investments. Our investment supports start-up firms in key sectors in the Indian market.
Start-up companies and entrepreneurs in India's healthcare, technology, consumer and financial services sectors have struggled to access working capital to scale up, once their business model has been proven.
By investing in these sectors, the fund manager aims to develop a business ecosystem and support sustainable development for investee companies, including helping them to maximise their use of technology.
Our investment will also attract other potential investors to the first-time fund.
In October 2017, the fund made an investment in online insurance aggregator, RenewBuy.
Environmental and social aspects
We work closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS).
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Communications and IT Services, Financial services, Other consumer services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Amicus Capital Partners
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- December 2016
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
|D2C Consulting Services||India||South Asia||Communications and IT Services||October 2017||Active|
|Wonderchef||India||South Asia||Other consumer services||June 2018||Active|
Capital Small Finance Bank Limited is an Indian small finance bank with 150 branches over Delhi, Punjab, Haryana, Rajasthan along with Union Territory of Chandigarh.
|India||South Asia||Financial services||June 2019||Active|
Berar Finance is a non-banking financial company based in India, which focuses on vehicle financing. It has a network of over 90 branches across the states of Maharashtra, Chhattisgarh, Madhya Pradesh, Telangana, Gujarat and Karnataka.
|India||South Asia||Financial services||February 2020||Active|
Pep Technologies Pvt Ltd (mCaffeine)
mCaffeine is a an Indian company that makes personal care products.
|India||South Asia||Other consumer services||September 2020||Active|