Motilal Oswal PE

A private equity fund promoted by domestic brokerage Motilal Oswal on Monday announced that it has garnered commitments of Rs 4,500 crore for a new platform. The fund was raised primarily from high net-worth individuals and family offices by Motilal Oswal Alternatives (MOA) for the India Business Excellence Fund (IBEF) IV, as per an official statement. With the latest close, the overall assets under management for MOA touches Rs 14,000 crore, and three-fourths of the money or commitments have been sourced from domestic investors from 55 cities. The newest fund is sector agnostic one which will look for opportunities in the consumer, financial services, life sciences and niche manufacturing, it said. Acknowledging the growth in the startup ecosystem, it said 10-15 per cent of the investments will be in the tech sector, it added. Even before the final close, IBEF IV has already made two investments -- in Mankind Pharma-promoted diagnostic chain Pathkind and tile manufacturer Simpolo

This amount has been committed across residential and commercial projects in Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad

The oil and gas sector has emerged as one of the largest contributor to the overall profit or dividend pool, said Motilal Oswal Financial Services in a report

Happy Forgings has a forging capacity of 60,000 metric tonnes (MT) and a machining capacity of 20,500 MT

The PE firm is finalising dates for roadshows for the third fund and has inducted four operating partners to guide the investee companies