By Swaraj Singh Dhanjal
Both funds are Sebi registered Category II alternative investment funds with combined AUM of over Rs 150 crore.
Texas Employees Retirement System (ERS) has approved total commitments worth $75 million to KSL Capital Partners V and Baring Asia Private Equity Fund VII.
This is the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.
Warburg led a $64-million round for local SaaS firm Trax last year.
GSR will own an up to 18% stake in Overstock subsidiary tZero as part of the deal, leading to a post-money valuation of $1.5 billion for the latter.
Glenmark’s orthopaedic and pain management business in India and Nepal will be transferred to a new entity to be incorporated by True North.
Shahril Ridza Ridzuan also said that he expects the pension fund to stay focused on its long-term goals and not be pressured by short-term fiscal results.
Bankers have said Qatar’s stake in Credit Suisse might become an issue for the Swiss bank’s plan to expand in Saudi Arabia, where it is seeking a full banking licence.
MEF II has divested 100% of its final remaining investment, resulting in the Fund achieving a net return multiple of 4.5x and net IRR of 22.5%.
The funding will support new products that help students master standards specific to their grade level, school, and state.