TVS Capital Funds restructured
TVS Capital Funds, which manages the INR11 billion ($178 million) TVS Shriram Growth Fund, will merge with holding company TVS Investments to simplify the corporate structure.
The merged entity will be called TVS Capital Funds. The Economic Times reported that the restructure could mean the addition of businesses such as structured finance and wealth management advisory to the alternative asset manager.
TVS Capital was founded in 2007 with the TVS Group and Shriram Group as sponsors. TVS Shriram Growth Fund targets investments across consumer-driven sectors such as retail, healthcare, education, food, FMCG, media and entertainment.
Its portfolio companies include basmati rice supplier Dunar Foods, eye-care chain Medfort Hospitals, pharmacy retail chain Medplus Health Services and Ratnakar Bank. The fund has exited TVS Logistics and part exited from Landmark, a book and music retail chain.
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