MUMBAI: Alternative assets manager Investcorp has closed its maiden India-focused private equity (PE) fund at ₹1,000 crore (around $150 million), senior executives said. Bahrain-based Investcorp entered India earlier this year, when it acquired the private equity and real estate fund business of IDFC Alternatives. Investcorp’s maiden India fund is a top-up of IDFC Alternatives’ fourth PE fund, which managed to raised around $70 million before the acquisition by Investcorp. Investcorp is also managing the third PE fund raised by IDFC Alternatives. “We are looking at $500 million increase on the real estate side and $500 million on the private equity side," said Kapoor.

Source: Mint July 21, 2019 17:04 UTC