IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services, is raising a $500 million fund to invest in domestic road and energy projects.
The fund is expecting a first close during the current financial year, with a final close within the following 12 months, CEO Archana Hingorani told Livemint. IIML began raising the fund last year, and...
Manila-based private equity firm Navegar has closed its second Philippines fund with $197 million in commitments. The initial target was $150 million.
Singapore-headquartered investment firm Blue Ashva Capital has secured a first close of INR4.5 billion ($60 million) for an India-domiciled fund that will invest in small and medium-sized enterprises (SMEs) and start-ups.
Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
Energy giant BP has agreed to invest $70 million in Green Growth Equity Fund (GGEF), a PE vehicle co-managed by Everstone Group that invests in sustainable infrastructure projects in India.