Private Equity
Actis plans to fund the NBFC platform with up to $220 million of equity capital over a five-year period. : Mumbai: UK-based private equity firm Actis is setting up a non-banking financial services company (NBFC)—Profectus Capital—that will lend to small and medium enterprises, the PE firm said in statement. The PE fund is backing a team led by former CEO of Reliance Commercial Finance K.V. Srinivasan. Profectus Capital will exclusively focus on lending to SME businesses operating in a dozen targeted subsectors.

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