Venture Intelligence (TSJ Media Pvt. Ltd.)
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IFC invests $35-M in MOPE's IBEF IV
The International Finance Corporation (IFC) proposes to invest of USD 35 million in Motilal Oswal Private Equity (MOPE) managed India Business Excellence Fund IV (IBEF IV). A co-investment envelope for USD 20 million in the fund's portfolio companies is also being proposed alongside the commitment to the fund. The fund is registered as a Category II Alternative Investment Fund (AIF) with SEBI through India Business Excellence Fund IV G (GIFT Fund), a trust formed in Gujarat International Finance Tec-City. IBEF IV is targeting to raise INR 4,500 crore (USD 588 million) in commitments to invest in 10-15 companies in consumer, financial services, life sciences and niche manufacturing sectors. It will be managed by MO Alternate Investment Advisors Pvt Ltd.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.