Motilal Oswal PE launches Rs.4,000-Cr fourth fund

Motilal Oswal Private Equity (MOPE), the private equity arm of Motilal Oswal Group, has launched an INR 4,000 crore new private equity fund, its fourth, that will focus on providing growth capital to mid-market companies. MOPE expects to achieve first close before December 2021 and conclude fundraising within 9-12 months. The investment strategy for the new fund, named India Business Excellence Fund IV (IBEF IV), will be in line with the previous funds. MOPE will continue its focus on providing growth capital to mid-market Indian companies demonstrating strong long term sustainable growth potential. The fund will have a diversified portfolio of 10-12 companies across preferred sectors of consumer, financial services, life sciences and niche manufacturing.