The new fund attracted the global and domestic investors of Marquee, including International Finance Corporation (IFC), Adams Street Partners, leading Japanese institutions, as well as various global and Indian family offices and HNIS. Approximately 11% of the Fondsporpus was committed by the sponsor and the Motilal Oswal team, while 60% of the obligations come from domestic institutions such as banks and insurers.
The company expects to collect the $ 150 million balance from global asset managers, sovereign asset funds and Indian financial institutions, before the targeted final closure by October.
“The fund has been the first institutional investor in various companies such as AU, Dixon and UNO Minda, that shot from less than $ 100 million to companies of several billions of dollars,” said Vishal Tulsyan, founder and chairman, Motilale Oswal alternatives. “Our earlier funds have consistently supplied Irrs of 25-30% in rupees.”
Fund V usually invests $ 40-80 million in medium-sized companies in sectors such as consumers, financial services, niche production, healthcare and companies guided by technology.
Since its foundation in 2007, Motilal Oswal Alternates has made 50 investments and achieved 23 successful outputs, which has generated around $ 1 billion in liquidity. Recent deals include Lahori Veila, Healthkart, Lal Sweets and Megafine Pharma, with almost 14% or $ 125 million of the capital of Fund V in two investments. It is expected that another 10 investments worth $ 400 million liquidity events will see in the next 12-24 months.
Motilal Oswal Alternatas currently manages around $ 3.5 billion on private equity and real estate strategies.
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