IFC has proposed a $30 Mn investment in L Catterton's India-focused consumer fund.
The fund, named L Catterton India Fund, is targeting total commitments of up to $600 Mn.
It plans to invest in 7-9 companies with average ticket sizes ranging from $25 Mn to $150 Mn per company.
L Catterton's India portfolio includes companies like PVR Ltd, SUGAR Cosmetics, and Fabindia, while IFC focuses on private sector investments in emerging markets.