India-focused fund manager Motilal Oswal Alternates (MO Alts) has made the final close of its fourth private equity (PE) fund at a whopping Rs 4,500 crore ($550.3 million) as it gears up to ramp up its investments in mid-market companies across India.
Called the India Business Excellence Fund IV (IBEF IV), the vehicle plans to tap sectors such as consumer, financial services, life sciences and manufacturing, besides a slew of new-age tech-enabled businesses, its MD and CEO Vishal Tulsyan said in an interview with DealStreetAsia.
