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India Value Fund to raise $700 mn for Indium-V Fund

This capital will be raised from over 25 investors

BS Reporter  |  Mumbai 

India Value Fund Advisors (IVFA) is raising $700 million for Indium–V Fund. Indium has recently completed the first closing of $500 million of its fifth India-dedicated fund (Fund - V). Fund - V was launched in November 2014 and the final closing is expected in the next 90 days at a hard-cap of $700 million.

This capital will be raised from over 25 investors and is diversified with a mix of sovereign funds, pension funds and fund of funds from across the globe, stated an release from IVFA. While Fund - V is a sector-agnostic fund focused on mid-market companies, IVFA will focus in areas of consumer, healthcare, food, IT / ITES and financial services sectors in advising Fund - V, it added.

Vishal Nevatia, Managing Partner, IVFA said, "This mandate is vindication of our strategy of working closely with mid-market firms and supporting them through business cycles and the unique challenges of the Indian market.”

Established in 1999, IVFA has over $1.8 billion under management across five funds.

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First Published: Wed, April 01 2015. 19:55 IST