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

Fund will target companies started by professionals with proven track record

Amit Shah, CEO, IIFL Asset Management Business

Amit Shah, CEO, IIFL Asset Management Business

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 financial entity in the housing finance space and an eye-care company — backed by professionals with a proven track record. 

First Published: May 31 2018 | 01:20 AM IST

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