 "Private equity, equit")
Investcorp, manager of alternative investment products, on Wednesday announced the launch of its operations in India with the completion of its first deal. It has acquired private equity and real estate investment management businesses of IDFC Alternatives, a subsidiary of IDFC. Combined assets under management (AUM) of IDFC's private equity and real estate businesses in India is approximately $430 million.
The acquisition, which has already received the required regulatory approvals from the Securities and Exchange Board of India, is expected to close on Thursday.
"The transaction will mark Investcorp's entry into India, and is in line with the firm's long-term strategy of
