India Value to raise $700 mn to invest in emerging businesses

India Value Fund Advisors (IVFA) today said it is raising a USD 700 million corpus for its fifth fund to invest in emerging businesses.
IVFA has secured the mandate to advise the 'Indium-V Fund' for which it has already raised USD 500 million from 25 investors, it said in a statement.
The fund raising activities began in November last year and the company is targeting to raise up to USD 700 million in the next three months, it said.
Indium-V is a sector-agnostic fund and has a strategy of partnering with entrepreneurs and management teams to build a portfolio of majority and significant minority investments, it said.

"We are thankful for the confidence reposed in us by Fund-V and its investors," IVFA Managing Partner Vishal Nevatia said.
IVFA has over USD 1.8 billion in assets under management and invested in over 30 businesses in the country over the last 15 years.
It currently has investments in 15 companies with total revenues of over USD 1 billion and profits of over USD 200 million.