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Pantomath marks final close of IIOF at $60 million
Mint Mumbai
|November 29, 2023
Pantomath Financial Services Group, on Tuesday, said it has made the final close of its maiden close-ended series of India Inflection Opportunity Fund (IIOF) at ₹500 crore (around $60 million).
IIOF, a Category II Alternate Investment Fund (AIF) launched in April last year, intends to invest primarily at a pre-IPO stage in Indian growth stage businesses. The investment vehicle has received investment from domestic sovereign funds, global and domestic family offices, marquee anchor investors and high net-worth investors.
Pantomath said IIOF closure comes at a time when India's economic resilience and its attractiveness as an investment hub are causing a strong flow of IPOs, with a robust pipeline of over $9 billion expected in H2 2024.
Cette histoire est tirée de l'édition November 29, 2023 de Mint Mumbai.
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