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IFMR Capital will henceforth be known as Northern Arc Capital. The new brand signifies the company’s renewed commitment to its mission of providing access to finance for the under-banked in India, according to a statement.
As part of the re-branding initiative, IFMR Investment Managers, the subsidiary of IFMR Capital, an alternate investment fund vehicle, will be known as Northern Arc Investment Managers. In a short span of three years, the entity already has six funds under its management and has gained recognition for its product structuring.
Since inception in 2008, the company has partnered with more than 140 institutions. The company has enabled debt financing of $7 billion across sectors like microfinance, small business loans, affordable housing finance, vehicle finance and agri finance. It has structured and executed over 400 transactions which have been placed with over 120 investors.
Northern Arc Capital is backed by Dvara Trust (formerly IFMR Trust), LeapFrog Investments, Eight Roads Ventures and Standard Chartered Private Equity.
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