2012-10-05

TVS Capital raises Rs 500 crore for top-up fund 1B

TVS Capital Funds, the Chennai-based private equity firm that is the asset manager to TVS Shriram Growth Fund, has raised Rs 500 crore for its top-up fund 1B. The company had launched 1B fund last year and has raised the entire amount from domestic capita

TVS Capital raises Rs 500 crore for top-up fund 1B

TVS Capital Funds, a Chennai-based private equity firm that is the asset manager to TVS Shriram Growth Fund, has raised Rs 500 crore for its top-up fund 1B. The company had launched 1B fund last year and has raised the entire amount from domestic capital.

The maximum part of the fund has been raised from family offices, institutions and sponsors. Apart from this, TVS Capital has also boosted fund’s advisory board by bringing in B. Soundararajan, Founder and Chairman, Suguna Foods, a large poultry enterprise, to the board.

TVS Capital has also got Sandeep Kohli who was the Managing Director of Yum! and Anand Sudarshan, who was the CEO of Manipal Global Education Service as fund advisors.

TVS has also roped in S. Raghunathan, who has more than 25 years of experience in Hindustan Unilever and Dabur, as Executive Director and COO.  Moreover, Shyamal Lahon who was working with KPMG corporate finance has joined the company as an associate.

TVS Shriram Growth Fund is Rs 600 crore domestic rupee fund that has invested in companies like Dunar Foods Ltd, Om Pizzas and Eats Pvt Ltd, and ReGen Powertech.

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