Private Equity

PE Fund Investments

IIFL PE invests in fin services platform KFin's Rs.675-Cr anchor placement

Business Line  

IIFL Private Equity has invested as part of the INR 675 crore raised by mutual fund registrar & transfer agency KFin Technologies from anchor investors as part of its initial public offering (IPO). Other anchor investors included Goldman Sachs, Nippon Life India, Canara Robeco MF, Axis MF, ICICI Prudential Life Insurance as well as Goldman Sachs (Singapore) PTE, Morgan Stanley Asia (Singapore) PTE, Copthall Mauritius Investment, Pinebridge Global Funds and Pari Washington India Master Fund. The company's entire IPO is an offer for sale by existing promoters (which includes existing PE investor, General Atlantic); . As on September-end, KFin provides services to 24 out of 41 AMCs in India. The company also services 301 funds of 192 asset managers in India.