Business Today

India Value Fund Advisors says to raise $700 million fund

IVFA, in a statement late on Wednesday, said it had already raised US $500 million, but expected to close the fund after raising US $200 million more.

Indulal PM   Mumbai     Last Updated: April 2, 2015  | 14:09 IST
India Value Fund Advisors says to raise $700 million fund
(Photo: Reuters)

India Value Fund Advisors (IVFA), a private equity fund, said it expected to conclude fundr-aising in the next 90 days for an up to US $700 million sector-agnostic fund that would focus on mid-sized companies.

IVFA, in a statement late on Wednesday, said it had already raised US $500 million, but expected to close the fund after raising US $200 million more from over 25 global investors, including sovereign and pension funds.

The fund-raising comes even as a number of other private equity investors are giving India a wide berth, put off by soaring valuations.

(Reuters)

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close