News
PRIVATE EQUITY | Cesar Tordesillas, India
view(s)

Motilal Oswal to put up Rs300 cr impact investment fund

Motilal Oswal Private Equity plans to raise an impact investment fund with Rs 250-300 crore for investing in socially relevant businesses.

This signals the firm's entry into a new asset class.

The firm currently manages two funds that provide growth capital for mid market companies and a real estate fund.

The fund will be raised in the first half of 2013.

The sector-agnostic fund will have a 10-year life cycle with the option of two one-year extensions, and will primarily look at investment opportunities across the food, agriculture, healthcare, education and micro-housing sectors.

"Over the last five or six years, a number of successful examples have come to the fore, where one can have a very high impact, and not compromise on financial returns," said Somak Ghosh, the newly-appointed co-chief executive of Motilal Oswal Private Equity.

In fact, impact ventures attracted significant amounts of early-stage risk capital in the third quarter of 2012, with $45 million invested across 11 transactions, according to research firm, Venture Intelligence.

"Impact investments are coming of age in India, and it gives us a unique opportunity to be one of the early players in this emerging asset class," Ghosh said.

For more

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.