The private equity arm of Motilal Oswal Financial Services Ltd is targeting to close its third $294 million growth capital fund next month, having completed raising a majority portion.
Founded in 2006, the Mumbai-based Motilal Oswal Private Equity Investment Advisors Pvt. Ltd raised its first fund of $125 million in 2007-08 and the second fund of $155 million in 2011.
The investment firm had marked the first close of its sector-agnostic India Business Excellence Fund-III fund at Rs 940 crore ($147 million) in September last year.
In a wide-ranging interview with DEALSTREETASIA, Vishal Tulsyan, CEO and MD at Motilal Oswal Private Equity talks about the evolution of private equity in India and predicts that the exit environment for PE will continue to be robust over the next few years.
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