Motilal Oswal PE raises a record Rs 23 billion for its third fund

Motilal Oswal Private Equity (MOPE) has raised Rs 23 billion for its third fund, the India Business Excellence Fund-III. Investors in the fund includedomestic and global institutions, large family offices and HNIs, besides Motilal Oswal and the investment team.

Vishal Tulsyan, Managing Director & CEO of MOPE, said that the company has raised the third private equity fund (IBEF III) in a short span of time on the back of strong demand from existing and new investors. 

India is witnessing a fast-emerging class of domestic investors that provide the breadth and depth to the Indian private equity industry as a whole. 

MOPE has