The PE firm is looking to complete more exits from its maiden fund, which raised $140M and is invested across seven companies.
The unlisted private bank is backed by names like HDFC, Norwest Venture Partners, Beacon India PE, TVS Capital & Samara Capital, among others.
A number of financial services execs have tried their hands at boutique advisory firms in the recent past, with mixed results.
Early this week, Goldman Sachs promoted three Indian origin execs as partners, who are a notch above MDs in hierarchy at the global financial services giant.
The list has at least three Indian origin partners which include Vivek Bantwal, Amol Naik and Gaurav Seth.
Tano and Wolfensohn, along with TVS Capital, infused Rs 100 crore in DCB for 9.34% stake in February this year.
While some of the wealth owned by high networth individuals are inherited, the bank estimates almost 42% of the Indian billionaires today are self made.
Prior to joining UBS, Ashok Mittal was with Lehman Brothers and had worked as co-head of India investment banking at HSBC.
PE firms have been particularly active in picking stake in old-generation private banks through open market purchase, preferential allotment and QIP.
The RBI balanced its anti-inflationary stance against the need to support growth with its tactical policy easing through only a CRR cut of 25 bps.
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