IFC has committed to invest in India Business Excellence Fund IIA (IBEF IIA), a fund which aims to offer growth equity and strategic and operational assistance to Small and Medium Enterprises (SMEs) in India. The investment focus will be on high growth businesses and also focused on Tier II and Tier III cities in India. The Fund aims to invest in sectors which benefit from demand led by Domestic consumption and Infrastructure enablers. The Fund is second series to India Business Excellence Fund I – a 2006-07 vintage fund of $82.5 million which is fully deployed.
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