India: IIFL Asset Management raises $250m for IPO-focused fund

India: IIFL Asset Management raises $250m for IPO-focused fund

Photo: Mint

IIFL Asset Management Co. Ltd has raised $250 million (around Rs1,600-1,700 crore) for its latest IIFL Special Opportunities Fund, a senior executive of the firm said.

The fund will invest in initial public offerings, primarily through pre-IPO investments in private companies that are bound for an initial share sale, as well as investing in IPOs as an institutional investor, said Amit Shah, chief executive at IIFL Asset Management.

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