Private equity fund India Value Fund Advisors (IVFA) has announced that they would conclude their fundraising in the next 90 days. The fund rising would be valued at up $700 million.
According to reports, the fund would be used for midsized companies. We had already raised $500 million, and we expect to raise the remaining $200 million from over 25 global investors.
The fundraising comes even as a number of other private equity investors are giving India a wide berth, put off by soaring valuations.
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