Indian Economy News

Tata Capital's PE fund raises Rs. 1,250 crore to invest in urbanisation, manufacturing

  • IBEF
  • January 19, 2021

Tata Capital announced on Monday that it has raised Rs. 1,250 crore (US$ 170.81 million) for a private equity fund that will invest in areas such as urbanisation and development.

The final closure of the Rs. 1,250 crore (US$ 170.81 million) Tata Capital Growth Fund II, which is a successor to a similar fund, has been announced.

The fund has both new and current members, including the Global and European Funds Fund, Japanese institutions and Asia's leading development finance institution.

The new fund investment strategy would be the same as that for the first fund, he said, adding that the investments would be made on the basis of three themes established.

In continuation of the earlier strategy, these include strategic resources, urbanisation and discrete development.

Tata Capital Growth Fund’s managing partner Mr. Akhil Awasthi stated that a strong team, the improvement of the underlying economic fundamentals, the upcoming release of the vaccine and the quality of the existing portfolio established till date by Tata Capital Growth Fund II inspire trust that the Fund will continue to identify and invest in leading companies in the industry.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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