Mumbai: Private equity fund India Value Fund Advisors (IVFA) said it expected to conclude fundraising in the next 90 days for an up $700 million sector-agnostic fund that would focus on midsized companies.
IVFA, in a statement late on Wednesday, said it had already raised $500 million, but expected to close the fund after raising $200 million more from over 25 global investors, including sovereign and pension funds.
The fundraising comes even as a number of other private equity investors are giving India a wide berth, put off by soaring valuations.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
