SBICAP Ventures Launches SME, Affordable Housing Funds

SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, has launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors.

The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore. Before this, SBICAP Ventures had launched a fund named Neev Fund in 2015 with a focus on the low-income states for small infrastructure projects.

Source: The Economic Times

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