Nuveen-backed Aavishkaar Group scouting for investors to raise $150m

Impact platform Aavishkaar Group is looking to raise $150 million in fresh funding as it gears up to expand its operations in Indonesia and tap new markets such as Vietnam and the Philippines.

The firm, which manages assets worth more than $1 billion, will divest a 25 per cent stake at the group level to raise the capital, its chairman Vineet Rai told DealStreetAsia.