Private Equity

Fund News

Motilal Oswal raises $800-M in first close of $950-M Fund V

Motilal Oswal Alternates, the private equity arm of Motilal Oswal Group, has raised USD 800 million in the first close of its latest vehicle, India Business Excellence Fund V (IBEF V). The fund has a hard cap of USD 950 million.The new fund has attracted both global and domestic investors, including International Finance Corporation (IFC), Adams Street Partners, Japanese institutions, as well as several global and Indian family offices and HNIs (high networth individuals).About 11% of the fund corpus has been committed by the sponsor and the Motilal Oswal team, while 60% of the commitments have come from domestic institutions such as banks and insurers.The firm expects to raise the balance of USD 150 million from global asset managers, sovereign wealth funds, and Indian financial institutions and aims for a final close by October 2025.Fund V will typically invest USD 40-80 million in mid-market companies across sectors such as consumer, financial services, niche manufacturing, healthcare, and technology-led businesses. The firm has been the first institutional investor in companies such as AU, Dixon, and Uno Minda.