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JC Flowers, Eight Capital to launch fund to invest in distressed assets

The JCF Fund will be set up as an umbrella variable capital company (VCC) in Singapore to aggregate contributions of international investors for investment in distressed companies in India

Topics
US companies | distressed assets

T E Narasimhan  |  Chennai 



Dollar, US, $
According to reports, India's stressed assets market is estimated to be over $115 billion

US-based PE firm J.C.Flowers and Ravi Chachra-floated Eight Capital are planning to launch a $500 million fund to invest in mid-size corporate in India. International Finance Corporation (IFC), the investment arm of the World Bank, will infuse over $100 million in the fund.

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First Published: Tue, January 26 2021. 13:34 IST

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