India: TPG Growth's Rise Fund makes first investment, puts in $50m in Dodla Dairy

David Bonderman, Co-Founder of TPG Capital. Photographer: Andrew Harrer/Bloomberg

TPG Growth, the growth-capital fund of US private equity firm TPG, has invested $50 million in Hyderabad-based Dodla Dairy through the Rise Fund, its global social impact fund, according to a report in The Economic Times.

While the quantum of the stake acquired by TPG was not mentioned,  a recent report by Mint had said that TPG was close to acquiring a stake of about 25 per cent held by US-based investment firm Proterra Investment Partners (formerly Black River Asset Management) in a deal worth Rs300 crore ($47 million).

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