Motilal Oswal PE unit to raise $1-B for fifth fund

Motilal Oswal Alternates, the private equity arm of Motilal Oswal , is in the process of launching its fifth fund to raise around USD 1 Billion that will be used to invest in growth capital. This is expected to be the largest fundraise by the firm.The fund comes two years after the firm raised INR 4,500 crore under India Business Excellence Find IV, which is under deployment.Some of the companies in which the firm has invested over the last couple of years include Pathkind Diagnostics, Simpolo Vitrified, Asian Footwears, KreditBee, MSME lender SK Finance, Niva Bupa Health Insurance and Healthkart. Earlier it had invested in AU Small Finance Bank, Fincare Small Finance Bank, and Molbio Diagnostics, among others.