Tata Capital's PE fund raises Rs 1,250 crore to invest in urbanisation, manufacturing

Tata Capital's PE fund raises Rs 1,250 crore to invest in urbanisation, manufacturing

Money Control

Tata Capital on Monday announced it has raised Rs 1,250 crore for a private equity fund which will be investing in areas including urbanisation and manufacturing.

It announced the final closure of the Rs 1,250 crore Tata Capital Growth Fund II, which is a successor to a similar fund.

The fund has both newer and existing investors, which include global and European fund of funds, Japanese institutions and a leading Asian development finance institution, a statement said.

The investment strategy for the new fund will be the same as in the first fund, it said, adding that the investments will be made in three identified themes.

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