The Overseas Private Investment Corporation (OPIC) has approved US$135 million in financing for two India-focused investment funds supporting small- and medium-sized enterprises (SMEs) and industrial logistics parks. OPIC approved US$35 million for the BanyanTree Growth Capital II fund, an SME-focused private equity fund managed by India-headquartered BanyanTree Capital Advisors, which is targeting US$175 million in total commitments. OPIC also approved US$100 million for IndoSpace Logistics Parks II, a fund targeting investments including warehouses, distribution centers and cargo handling facilities. The fund, targeting US$350 million in total commitments, is managed by Realterm Everstone, a joint venture between global real asset and infrastructure investor Realterm Global and Indian private equity firm Everstone Capital.