Fund geography
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
Focused on equity and quasi equity investments in India in companies which enhance access to financial services, healthcare and education to the bottom of the pyramid:
- Back entrepreneurs with a socially driven approach to delivering financial inclusion (FI) through diverse business models which aim to meet BoP demand while supporting BoP customers indirectly in income generation and mitigating income shocks
- Back entrepreneurs with a socially driven approach to delivering enhanced income generation and prospects for the BoP, especially in rural areas - for example by creating jobs or by expanding access to education or training – and also by reducing income shocks by deepening affordable access to healthcare
Asset class
Fund status
Fund style
Financial description
Focused on growth and early-growth investments in social enterprises. Average investments are in $3-4 million.
13 years
of track record
2010
the year funded
n.a.
AUM
Asset manager
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Universal access to sexual and reproductive care, family planning and education
Free primary and secondary education
Full employment and decent work with equal pay
Increase access to financial services and markets
Impact Category
Key performance indicators
Fund overview
Asset manager: Lok Advisory Services
Product track record: Fund has 13 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Closed - still investing
Style/Stage: Growth Stage
Inception year: 2010
Vintage year: 2011
Target region: Asia, Emerging countries, India, Southern Asia
Target close date: n.a.
Product term: 10 years
Assets under management: n.a.
Investment size: Min: 1,000,000; Max: 7,000,000; Avg: 3,000,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: INR (Indian Rupee)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 11
Fund investments to date exited or repaid: 3
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors
Contact
E-mail: contact@lokcapital.com
Website: http://www.lokcapital.com
Phone number: 911244709700.00
If you wish to have your details removed from this database please email gdpr@impactyield.com
Ganesh Rengaswamy
Partner
Venky Natarajan
Managing Partner
Impact Performance
n.a.
Impact thesis
We are committed to constantly enhancing social performance management across our portfolio. We provide outside advice on the best design for social performance management activities and assessment. We aim both to support our partners operationally in developing social performance policies/activities and assessing their impact, and to help all stakeholders to understand better the impact of our partner companies’ services on clients’ lives. Social Performance Management allows partner companies to make better business decisions based on more complete information regarding their organization, products, operations and clients.
Impact Management
n.a.