Aavishkaar Goodwell which is a joint venture between India's Aavishkaar and Dutch firm Goodwell, is on the move to hit with its new fund seeking $100 million in commitments. The fund is planning to close by December this year. The fund will target limited partners (LPs - investors in private equity & venture capital funds) like development financial institutions and pension funds.

Aavishkaar Goodwell is expected to tap its existing investors including International Finance Corp, Blue Orchard, Netherlands Development Finance Company (FMO), and Deutsche Bank.

This new fund would continue its interests in microfinance also focus on technology enabling companies and housing finance companies in the social context.