Tata Capital Growth Fund II raises ₹1,250 cr corpus
The funds raised will be invested across strategic services, urbanisation, and discrete manufacturing, a continuation of the strategy pursued by Tata Capital Growth Fund I
MUMBAI: Tata Capital Growth Fund II, the second growth capital private equity fund of the group's financial services business, has raised Rs1,250 crore for the final close of the fund, it said.
The fund has raised the capital from existing and new investors such as global and European fund of funds, reputed Japanese institutions, and a leading Asian development financial institution. The fund is sponsored and managed by Tata Capital Ltd.
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The funds raised will be invested across strategic services, urbanisation, and discrete manufacturing, a continuation of the investment strategy pursued by Tata Capital Growth Fund I, according to the statement by the company.
"A stable team, improving underlying economic fundamentals, the imminent release of a vaccine, and the quality of the current portfolio that Tata Capital Growth Fund II has built till date inspires confidence that the fund will continue to identify and invest in industry leading companies," said Akhil Awasthi, managing partner at Tata Capital Growth Fund.
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