From Dealroom · · 40s
IIFL Capital Raises $52.6M PE Fund
IIFL Capital closes $52.6M first round for maiden late-stage private equity fund targeting Indian IPOs.
In brief
IIFL Capital closes $52.6M first round for maiden late-stage private equity fund targeting Indian IPOs. IIFL Capital raised $52.6 million at first close of its maiden late-stage private equity fund targeting Indian companies preparing for stock market listings. Originally reported by Dealroom.
First Close
IIFL Capital Asset Management raised about US$67.9M (≈$52.6 million) at first close of maiden IIFL Late-Stage Private Equity Fund.
Fund Strategy
Targets established profitable indian companies with post ebitda of at least us$10.2m, us$13.6m planning an ipo within three years.
Progress and Timeline
Has committed to two companies and is evaluating seven to eight more, with final close targeted within nine months.
The takeaway
IIFL Capital raised $52.6 million at first close of its maiden late-stage private equity fund targeting Indian companies preparing for stock market listings.
