ICICI Venture related stories
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Side Letter: 'Retail' hurdlesAccessing the mass market will require a change in thinking and operational approach from GPs. Plus: a MENA fund close; and managers are increasingly benchmarking compensation. Here's today's brief, for our valued subscribers only.
Side Letter: PE's 'new normal' for exitsFar from being a quick fix for cash-starved LPs, GP-led processes could soon develop into a much more viable exit route in their own right. Plus: how to raise capital from Indian family offices. Here's today's brief, for our valued subscribers only.
IFC: Domestic investors betting more on Indian PEDomestic institutional capital is increasingly being mobilised by India-focused firms, says Nupur Garg, IFC’s regional lead for south Asia.
- ICICI Venture collects $350m for fourth India-focused fund
The India-focused firm has received commitments from Temasek Holdings, Indian banks and life insurance companies, as well as a European institutional investor.
Caisse commits to Indian power project investment vehicleAn affiliate of Tata Power Co Ltd and ICICI Venture have launched a platform company to invest in power projects in India over the next two to three years. The platform, which will focus on acquisitions of controlling stakes in power generating companies, reflecting conventional thermal, hydroelectric and transmission assets, has raised initial capital of up to US$850 million. The amount may be increased in the future, depending on market opportunities. The platform's backers include the Caisse de dépôt et placement du Québec. Earlier this year, the Caisse opened its first office in India /canada/2016/3/caisse-forms-india-unit-to-seek-south-asian-investments-reuters/ to scout for deals in the region.
- Apis exceeds target on debut fund – Exclusive
The Africa and south Asia finance sector specialist has amassed $260m for its first fund, which has a $300m hard-cap.
- Hamilton Lane appoints three MDs in Asia
The alternative asset manager strengthens its growth plans for the region after the recent launch of its twelfth office in Seoul.
- ICICI reaches $190m first close on fourth fund
The Mumbai-based firm started marketing its fourth private equity fund in the third quarter of 2014.
- IFC, Apollo set to launch $1bn platform for stressed assets
The platform will buy pools of non-performing loans in several emerging markets.
- CDPQ opens first Delhi office
The Canadian pension fund will invest $150 million in India’s renewable energy sector in the next three years.