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Rocket Internet raises $1 bn in new fund

TEAM VCC

Rocket Internet SE, the German investment firm that has struggled with its bets on Indian companies, has raised $1 billion in a new fund to back Internet companies globally.

 Peek at Apax Partners’ returns from Cholamandalam Investment exit

Bruhadeeswaran R

Global private equity firm Apax Partners has completely exited Murugappa Group’s non-banking finance company Cholamandalam Investment & Finance Company Ltd, by selling the remaining stake through an open market transaction on Thursday.

 How Karvy Capital is taking an offbeat route for real estate play with new fund

Swet Sarika

Karvy Capital Ltd, the asset management arm of financial services firm Karvy Group, is putting together a plan to launch an alternative investment fund that would back private companies through a mixture of debt and equity, two people familiar with the company’s plans told VCCircle.

 Scored above-threshold returns in eight of 10 exits: Aditya Birla PE's Muthukumaran

Ranjani Raghavan

Aditya Birla Private Equity, part of the billionaire Kumar Mangalam Birla-led diversified Aditya Birla Group, started investing nine years ago and built a portfolio of a dozen-and-a-half companies. The PE firm launched its first fund with a corpus of Rs 881 crore in 2009.

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