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Northern Arc secures $65M debt commitment for maiden climate fund

  • Northern Arc has secured $65 million in debt commitments for its maiden Climate Fund.
  • The debt commitments include $50 million from the United States International Development Finance Corp (DFC) and $15 million from the official Development Bank of the Republic of Austria, OeEB.
  • The fund aims to address critical funding gaps of growth stage startups in the solar energy, e-mobility, sustainable agriculture, and circular economy spaces.
  • Northern Arc has assets under management worth Rs 15,121 crore through its balance sheets and active AIF funds.

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