Business Daily from THE HINDU group of publications
Sunday, Apr 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Apr 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Markets
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Foreign Institutional Investors Our Bureau Chennai, April 11 The International Finance Corporation plans to invest in Zephyr Peacock India Fund II, an India-dedicated private equity fund that is seeking to raise $75 million. The fund will make equity and equity-related investments in growth capital opportunities in high-growth small and medium enterprises, including those located outside the main metros — a relatively under-served segment of the market, according to information on IFC’s Web site. IFC proposes an equity investment of lesser than $15 million or 20 per cent of the fund’s total committed capital. The fund is a Cayman Islands-exempted limited partnership and will operate primarily through one or more subsidiaries formed in Mauritius. The fund manager is based in Bangalore and New York. More Stories on : Foreign Institutional Investors | Financial Institutions
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