Venture Intelligence (TSJ Media Pvt. Ltd.)
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Piramal Alternatives in talks with CDPQ, CPPIB, others to raise $1-B
Piramal Alternatives plans to raise USD 1 Billion through multiple funds in its portfolio from a group of global investors. The proceeds will be deployed to meet the capital needs of local companies seeking funds through a mix of either debt and equity, or through customised financing options. Piramal is in talks with Canadian CDPQ and CPPIB, and the Netherlands-based APG Asset Management, among others. Piramal Alternatives, an arm of Piramal Enterprises, runs multiple funds to support the capital needs of mid- to large-size Indian companies that need bespoke capital solutions unavailable at traditional financing sources. Piramal Alternatives invests across three strategies: performing credit, turnaround capital and hybrid funding.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.