We expect to close sixth fund in 2-3 months, says True North’s Vishal Nevatia

True North MD Vishal Nevatia

Private equity firm True North, (formerly India Value Fund Advisors) is one of the oldest and largest domestic private equity funds in India. With a combined corpus of $2.8 billion under its belt, the investment firm is on track to raise one of its largest fund yet at around $900 million.

After a $600-million first close for the new fund, Mumbai-based private equity major is aiming to reach a final close in the next two-three months after getting commitments from investors like ADB, IFC and US-based Illinois Municipal Retirement Fund’s (IMRF).

With two decades of investing in India, the Mumbai-based private equity major’s managing partner Vishal Nevatia talks about the private equity firm’s investment strategies and its plans for the sixth fund.

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