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IIFL AMC to raise $200 mn for second PE fund, investors may participate

Fund will target companies started by professionals with proven track record

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Iifl Amc  |  Funds  |  Investors

Ranju Sarkar  |  New Delhi 

IIFL Asset Management (IIFL AMC) is raising $200 million (Rs 12 billion-15 billion) for IIFL India Private Equity Fund, its second such. It will back businesses started by professionals and with a strong record in execution.

A Category-II alternative investment fund, the plan is to achieve a first close by July-end and to raise the money mostly from domestic investors, ultra high net worth individuals (HNIs) and family offices. They would be also allowed to co-invest in these deals, depending on how much they invest. It has already identified two companies — a non-banking ...

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First Published: Thu, May 31 2018. 01:20 IST
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