In an exclusive interview with VCCircle, Patrick McGovern, Founder and
Chairman of International Data Group, said that they plan to launch an
IDG growth and mezzanine strategy for India by 2013-14. He said that the
size of the growth fund will be in the vicinity of $300-400 million
which will invest into relatively mature companies. Apart from a growth
fund, it is also planning to launch a mezzanine strategy which will
take pre-IPO positions in companies.