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ADB Invests $50 Million in True North's Fund VI

By Swati Deshpande,

Added 16 January 2018

to Support Mid-market Businesses in India


True North VI is a closed-end private equity fund that aims to make up to 10 equity investments of between $50 million and $150 million each in the financial services, healthcare, and consumer sectors. True North may also target investments in technology products and services companies.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.

True North was established in 1999 (as India Value Fund) with a view towards investing in mid-sized, India-centric businesses. Over the last two decades, True North has successfully launched f­ive separate investment funds, with a combined corpus of approximately $2 billion. True North is based in Mumbai, India, with a smaller office in Bengaluru.


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