India's IL&FS closes latest fund at $60m
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has reached a final close of $60 million on its latest growth fund.
The closing amount represents a substantial reduction from the fund's original target size of $300 million at the time of its launch in 2011. IIML had already cut the target size to $75 million and delayed...
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