Reservoir Investment raises Rs 225 crore for maiden fund

Reservoir Investment Managers, a venture capital vehicle launched by former infotech honchos T V Mohandas Pai, Balakrishnan V and Deepak Ghaisas said here today that it has successfully raised Rs 225 crore for its maiden fund.
In June, the private equity vehicle had announced that it had raised Rs 100 crore for the Exfinity Technology Fund, and followed it up today saying that it had exercised its greenshoe option and raised another Rs 125 crore to close the fund, it said in a statement.
Investors who have subscribed include chief executives, industrialists, family offices, professionals and ultra high net worth individuals, it said.

"Our proposition of a practitioner driven fund in funding disruptive technology ideas with high impact strategic interventions has resonated well with investors," Bala, who is the former chief financial officer of Infosys and Chairman of Reservoir said.
He said the fund has already identified a few investment opportunities to deploy the money, adding that four possible transactions are in an "advance stage" of closure.