Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, is investing $135 million in financing for two investment funds from India. OPIC’s fund will support small and medium-sized enterprises (SMEs) and industrial logistics parks in India.
The Board of Directors has approved $35 million for the BanyanTree Growth Capital II fund. BanyanTree’s fund has a target capitalization of $175 million.
The Board also approved $100 million for IndoSpace Logistics Parks II, which will invest in warehouses, distribution centers, cargo handling facilities and other infrastructure. The fund has a target capitalization of $350 million. Indospace is run by Realterm Everstone, a joint venture between Everstone Capital and Canada-based Realterm Global.
Source: Business Standard