Who we are

The Lok Capital Group is an innovative platform delivering equity capital combined with technical and strategic advice to Indian microfinance institutions (MFIs) and social enterprises serving the bottom of pyramid (BOP) segment.

Investment Philosophy

Lok’s approach is to promote inclusive growth by investing venture capital in for-profit companies delivering microfinance and associated services to the BOP segment in a scalable, affordable and commercially viable manner. Lok creates partnerships with Indian social entrepreneurs who are ready to take their enterprises to new levels of sustainability, scalability and professionalisation.

Organization

The Lok Capital Group consists of a venture fund dedicated to making long-term equity investments in Indian MFIs and a not-for-profit US foundation which provides grants and volunteers for capacity building in investee MFIs. The fund and its investee companies are advised by Lok’s founders together with a team of professional advisors based in Delhi.

Founders

Rajiv Lall: 22 years of experience as an investor and advisor with Warburg Pincus in Singapore and New York, as an economist and policy advisor with Morgan Stanley in Hong Kong, the World Bank in Washington D.C., the Asian Development Bank in Manila, Philippines, and in academia. Currently CEO and MD of IDFC Ltd.

Donald Peck: 30 years experience investing in emerging markets with Actis (where he was a founding partner), IFC and Morgan Grenfell, including over 10 years in India building and heading the Indian private equity business of Actis. He has become a social investor pursuing a range of interests from Indian microfinance through education to biodiversity projects.

Other co-founders of Lok Capital include Vijay Advani, Bunty Chand, Gregory McGowan and Vishal Mehta.