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India Value Fund Advisors raises $500 million in new fund

Tags: India Value Fund Advisors, India-dedicated fund, Indium–V Fund, India Value Fund IV

April 02, 2015 | COMMENTS ( 0 )

India Value Fund Advisors raises $500 million in new fund

Private equity firm India Value Fund Advisors (IVFA) has raised $500 million (Rs 3,130 crore), which came as its first closing of its fifth India-dedicated fund (Fund - V).

The investment firm said that it is raising $700 million for Indium–V Fund which is expected to be completed within three months.

Since its inception in the years in 1999 by Vishal Nevatia, IVFA has successfully launched four separate investment funds with a combined corpus of over $ 1.2 billion. Currently, IVFA is investing out of IVF - IV, which has a corpus of $ 600 million.

“IVFA’s insights and understanding of India has been sharpened over the last 14 years by investing over US$ 800 million across 26 Indian businesses.  It has successfully guided these companies in making the transition into well established and large businesses that are valuable, enduring, socially responsible and are creating immense wealth for all stakeholders,” said, Vishal Nevatia, managing partner, IVFA.

The IVFA team has a workforce of 9 Investment and 13 Business Managers.

“IVFA truly values its relationships with investors, entrepreneurs and management teams.  It is also very conscious of its fiduciary duty towards the capital under management. This capital has been contributed by over 30 high quality international institutions with a combined investible capital base of over US$ 1 trillion,” said the investment firm.

Currently, IVFA has a team of 25 investment and operating professionals with experience across investment and advisory services. The new fund will follow the same strategy of minority as well as control investments.

IVFA claimed to have become India’s first private equity fund to raise capital from the domestic market in 2000, attracting $35 million from top Indian institutions and family offices.  Subsequently, in 2005 it launched India Value Fund II ($ 170 million), followed by India Value Fund III ($ 400 million) in 2007 and India Value Fund IV (US$ 600 million) in 2010.

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