Motilal Oswal Private Equity closes second fund | VCCircle
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Motilal Oswal Private Equity closes second fund 

BY  Madhav A Chanchani
The financial services firm has raised Rs 1,000 crore for India Business Excellence Fund-II.

Motilal Oswal Private Equity Advisors has completed raising its second private equity fund in a move which will take its assets under management to Rs 1,750 crore. According to sources familiar with the development, the financial services firm has raised Rs 1,000 crore for the India Business Excellence Fund-II (IBEF-II).

The fund is a successor to India Business Excellence Fund, which raised Rs 550 crore in 2007 and has been fully deployed across 13 companies.

Vishal Tulsyan, CEO of Motilal Oswal Private Equity, confirmed the development when contacted by VCCircle.

The corpus has been raised from both domestic and...

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