Apollo, ICICI eye $750m close on India distress fund - report
ICICI Venture Funds Management, the private equity unit India's ICICI Bank, and US PE firm Apollo Global Management are expected to reach a $750 million final close a joint fund set up to focus on distress opportunities in India.
According to Reuters, ICICI and Apollo have so far raised $675 million from investors including large sovereign and pension funds. The so-called AION Capital fund was first launched in January last year...
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