Private Equity PE Fund Investments
Faering Capital invests $30-M in Vastu Housing Finance via secondary route
Private Equity firm Faering Capital has invested USD 30 million in Mumbai-headquartered Vastu Housing Finance Corp via a secondary purchase of shares from existing investors including Multiples PE.
Vastu, an affordable housing finance company, with a presence across 15 states, has assets under management (AUM) of USD 900 million. The company reported profit after tax of over INR 285 crore in FY23.
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From the Venture Intelligence PE-VC Deal Database: Between 2015 and 2021, Vastu had raised over USD 300 M from Multiples PE, Asha Impact, Norwest, Creation Investments and IIFL AMC. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)