The office in Bengaluru will help manage the firm’s growing portfolio of Indian companies that provide capital to those living at the bottom of the economic pyramid.
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CHICAGO and BENGALURU, India, Feb. 17, 2021 /PRNewswire/ Creation Investments Capital Management, LLC, an alternative asset manager and leading impact investor in developing markets financial services, today announced the opening of its first India office and the appointment of financial industry veteran Remika Agarwal as vice president and country head.
As part of its expansion in India, Chicago-based Creation has launched its first debt fund. The fund focuses exclusively on providing debt financing to non-bank financial companies serving the Indian population in areas such as micro-lending, affordable housing, vehicle loans, small- and medium-enterprise lending (SMEs), and education finance. Investors in Creation s earlier private equity funds, including family offices, have indicated interest in committing capital to the firm s initial debt fund.
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Creation Investments Mexico Portfolio Company Te Creemos to Acquire Banco Forjadores
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CHICAGO, Dec. 15, 2020 /PRNewswire/ Creation Investments Capital Management, LLC, a Chicago-based private equity firm specializing in impact investments in financial services, today announced its portfolio company Te Creemos Holding S.A.P.I. de C.V. has reached an agreement to acquire Banco Forjadores S.A., Institución de Banca Múltiple, from Peru-based Grupo ACP Corp. S.A. Both firms are based in Mexico City, and the acquisition is subject to regulatory and anti-trust approval in Mexico.
Since Creation s initial investment in 2015, Te Creemos has made six acquisitions and its loan portfolio has increased five-fold, reaching MXN 5.5 billion (US$275 million). Te Creemos continues to report positive results and portfolio growth throughout 2020.