Creation Investments Opens Office in India, Appoints Veteran Finance Remika Agarwal as Country Head, Launches Debt Fund Focused on India
CHICAGO and BENGALURU, India, February 17, 2021 / PRNewswire / – Creation Investments Capital Management, LLC, a leading alternative asset manager and impact investor in financial services in developing markets, today announced the opening of its first India office and appointment of a financial industry veteran Remika Agarwal as vice president and country head.
As part of its expansion into India, Chicago-based Creation launched its first debt fund. The fund focuses exclusively on debt financing of non-bank financial companies serving the people of India in areas such as microcredit, affordable housing, auto loans, loans to small and medium enterprises (SMEs) and finance. education. Investors in Creation’s early private equity funds, including family offices, have expressed interest in committing capital to the company’s initial debt fund.
Currently, Creation’s portfolio companies serve over 23 million entrepreneurs in India. The Bangalore office will help manage the company’s growing portfolio of Indian companies providing capital to those living at the bottom of the economic pyramid. Over the past 10 years, the company has invested more than $ 300 million in several Indian companies specializing in microfinance, SMEs, fintech, payments, agro-warehousing and finance and other companies seeking to improve the living conditions of disadvantaged people.
Patrick fisher, Founder and Managing Partner of Creation Investments, said: “We are delighted to welcome Remika to Creation and are delighted to open our India office after establishing a strong presence in the country. Our efforts have helped Indian families and businesses by supporting businesses that meet critical capital needs. We aim to expand and accelerate our investments in the world’s second most populous country through our first debt fund and other initiatives. ”
India is Creation’s largest destination for impact investing in businesses providing access to capital to unbanked and underbanked families and businesses.
Agarwal said: “Our holding companies, which have withstood the shocks of the Covid-19 pandemic and previous demonetization in India, stay strong. We continue to seek investments in companies with strong business models, strong management teams and strong environmental, social and corporate governance (ESG) credentials. “
Agarwal brings to Creation over 14 years of experience in several areas of financial services. Previously, she was responsible for structured finance and products at a large non-bank finance company in India and vice president for over a decade with a leading Indian rating agency. Agarwal plans to hire up to two partners in 2021 to help manage the company’s growing portfolio of Indian companies that provide capital to those living at the bottom of the economic pyramid.
The creations India The office is located in central Bengaluru at 80 Feet Rd., Koramangala.
About Création Investissements
Creation Investments Capital Management, LLC, based in Chicago, is a leading alternative asset manager and impact investor in financial services in developing markets. Worldwide, Creation’s investments directly help more than 28 million small businesses. From December 31, 2020, the company manages more than US $ 725 million in private funds and other vehicles on behalf of individuals, family offices and institutional investors.
Drawing on its extensive experience in the sector, Creation joins forces with management teams to inject growth equity and facilitate buyout transactions in companies specializing in microfinance, credit to small and medium-sized enterprises, credit -lease, factoring, insurance, savings, payments and mobile money. For more information visit www.investissementscréation.com.
SOURCE Creation Investments Capital Management, LLC