Xpressbees, FreshToHome Backer Investcorp Mulls Wrapping Up Second India Fund By 2024 End

Xpressbees, FreshToHome Backer Investcorp Mulls Wrapping Up Second India Fund By 2024 End

SUMMARY

The Bahrain-based global manager oversees assets exceeding $50 Bn and has already secured more than half of the targeted corpus for the India private equity fund

Investcorp launched a $150 Mn India fund in 2019 and has exited five investments so far, including luggage manufacturer Safari Industries and ASG Eye Hospitals

Investcorp entered the Indian market in 2019 by acquiring IDFC Alternatives’ private equity and real estate business

Bahrain-based alternative investment manager Investcorp is reportedly looking to close its second India-focused investment fund by the end of the current calendar year. 

The Mubadala-backed firm, which manages assets of over $50 Bn, has already secured more than half of the targeted corpus for the India private equity fund, a Mint report said.

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