The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an equity investment of up to $60 million in the latest India-focused fund of Multiples Asset Management IFSC Private Limited, popularly Multiples PE, according to a disclosure.
The proposed investment is for Multiples Private Equity GIFT – Fund IV, which is a mid-market PE fund focused on growth transactions. Additionally, IFC is looking at a co-investment envelope of up to $40 million under its delegated authority framework.