India Digest: Northern Arc Capital raises $25m, LC  Nueva  marks 2nd close of debut fund

India Digest: Northern Arc Capital raises $25m, LC  Nueva  marks 2nd close of debut fund

Debt financier Northern Arc Capital on Thursday said it has raised $25 million in external commercial borrowings (ECB) from AFD Group’s private sector financing arm, Proparco. Separately, LC Nueva Investment Partners has marked the second close of its debut fund at $40 million, raising the total targeted corpus, according to VCCircle.