India
Incuspaze had previously raised $8 million in July 2024 in its maiden funding round.
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The proposed investment will be structured as senior debt from IFC’s own account.
IFC will mobilise up to $244 million more from other lenders.
World
Future will also allocate to the asset manager’s Global Sustainable Infrastructure strategy.
The company is eyeing an additional $50–60 million over the next quarter.
Singapore
PIDG’s commitments are expected to strengthen the Fund’s risk profile for institutional investors.
The transaction takes place amid market dislocations and geopolitical volatility.
I Squared-managed vehicles and DFC will each commit $1.5b to the platform.
The fund has a green shoe option of Rs 250 crore.
The round also saw participation from Hitachi Ventures.
