Motial Oswal to launch new fund of 4k cr

Motilal Oswal Private Equity (MOPE) on Tuesday announced the launch of a ₹4,000 crore or USD 550 million fund, which will invest in mid-market organizations showing high potential of growth.

This will be the fourth fund from the organization, which is the private equity arm of the Motilal Oswal Group, which counts equity broking as its flagship business.

The ‘India Business Excellence Fund IV’ investment strategy will be equivalent to prior with a focus on providing growth capital to mid-market Indian organizations demonstrating strong long haul sustainable growth potential, as per a statement.

There will be a ‘preference’ to back organizations floated by first-gen entrepreneurs, it added.

Mope is focusing for a first close before December 2021, and conclude fundraising withing a year, the statement said, adding the asset will make up to dozen investments meaning an average deal size of over ₹400 crore.