Mumbai: The exposure of Reliance Industries Ltd (RIL) to alternative investment funds (AIFs) as of 31 March 2017, was Rs932 crore—an 11% decrease from the year-ago figure of Rs1,046 crore. AIFs includes venture capital funds, private equity funds, hedge funds, commodity funds, debt funds and infrastructure funds. The only exposure to a new fund was TV Mohandas Pai’s family fund, 3one4 Capital Fund Scheme II, where RIL invested an amount of Rs2 crore. The other AIFs where RIL increased its exposure in fiscal 2017 was in DSP Blackrock India Enhanced Equity Fund from Rs20 to Rs37 crore, Multiples Private Equity Fund - Scheme 1 from Rs35 to Rs39 crore, and Multiples Private Equity Fund II LLP from Rs19 to 52 crore. RIL also increased its exposure in its own venture capital fund, GenNext Ventures Fund - Class A units, from Rs40 to 56 crore.

Source: Mint July 16, 2017 18:22 UTC