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.

Edited excerpts:-

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.