Investcorp slashes size of maiden India fund after buying IDFC Alternatives’ PE biz

By Bruhadeeswaran R

  • 22 Jul 2019
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Credit: Thinkstock

Global alternative asset manager Investcorp, which acquired the private equity business of IDFC Alternatives Ltd earlier this year, has closed its maiden India-focused fund at a significantly lower level than the earlier target. The Bahrain-based investment firm has raised $142 million (Rs 1,000 crore) for the new fund, co-chief executive Rishi ......

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