chennai debt fund manager northern arc investments managers has raised 65 crore from belgian investment company for developing countries bio a member of edfi european development finance institutions for its eighth fund the northern arc impact india fund naiif the investment will be used to support and address funding gaps for impact enterprisesnaiif has a total corpus of 700 crore raised from marquee investors the first close included participation from blue earth capital anthos fund asset management calvert impact capital and others naiif has already deployed 100 of its commitments across 30 investments in financial inclusion agritech climate tech etc since its inception in 2009 the northern arc group has enabled financing for originator partners who have impacted over 60 million lives across india of which more than 42 million were women