Motilal Oswal PE in $87m second close on new fund
Motilal Oswal Private Equity has reached a second close of INR4.86 billion ($87 million) on its India Business Excellence Fund II, with Squadron Capital reportedly among the investors. The fund is expected to achieve a final close by the end of the year.
The India Business Excellence Fund II has a target size of $175 million and will invest between $10-25 million per transaction. One-third of the fund has been earmarked for PIPE deals. "We continue to...
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