Lok Capital Growth Fund

South Asia Health, Financials, Food and agriculture

Delhi-based Lok Capital is an impact investor which promotes inclusive growth in India by making long-term equity investments. It has operated since 2004.

Our investment

In 2016, CDC invested $15 million in Growth Catalyst Partners LLC, as an anchor investor, alongside a commercial investor, raising a total fund size of $88 million. We made a follow-on commitment of $5 million in 2017, and a further commitment in 2018.

Expected impact

Delhi-based Lok Capital is an impact investor which promotes inclusive growth in India by making long-term equity investments. It has operated since 2004. This is a 2006 vintage fund providing long-term equity investments to microfinance institutions in India.

Environmental and social aspects

The fund manager has a well-established approach to E&S management and we will continue to support and monitor its approach as the portfolio grows.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

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.

:
Financials, Food and agriculture, Health
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Lok Capital
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 2018
Amount

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.

:
$21.6m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
India

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
HR Food

The company sources, processes and markets milk and milk products, primarily in Ranchi and neearby districts in India

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India South Asia Food and agriculture October 2013 Active
Ummeed Housing Finance Pvt Ltd

Housing finance company for lower & middle income Indian families.

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India South Asia Financial services September 2016 Active
Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank Limited is based in Mumbai with over 215 branches in 7 states across India and over 750,000 customers. It offers group, individual, SME and home loans.

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India South Asia Financial services February 2017 Active
Dr Mohan’s Diabetes Specialities Centre (DMDSC) India South Asia Health April 2017 Active
Mintifi India South Asia Financial services September 2017 Active
Utkarsh Micro Finance Limited

Based in Uttar Pradesh, Utkarsh is a small finance bank which provides financial services to the under-served low-income rural and urban population in north and east India. It started operating back in September 2009, and provides group loans, micro, small and medium enterprise (MSME) loans, housing loans and savings accounts to the unbanked population in its heartland.

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India South Asia Financial services November 2017 Active
Use Kiwi Info Labs (AffordPlan) India South Asia Health March 2018 Active