India, July 10 -- Switzerland-based PE firm Partners Group has acquired a majority stake in MSME-focussed NBFC Infinity Fincorp by leading a $230 Mn (around INR 1,950 Cr) funding round, which was a mix of primary and secondary transactions.

The funding round also saw participation from Infinity's existing investor Jungle Ventures.

While the round involved a primary infusion of $70 Mn (about INR 600 Cr), the remaining was a secondary transaction. Indium IV (Mauritius) Holdings Limited sold its stake under the secondary transaction.

Founded by Shrikant Ravalkar in 2016, Infinity received a nod from the RBI to function as an NBFC just a year after its inception. The company provides loans to MSMEs, primarily against property as a collater...