Motilal Oswal arm raises $800 million for fifth PE fund

The fifth fund will invest $40-80 mn in mid-market businesses across sectors including consumer, and financial services

- Sakshi Sadashiv

Motilal Oswal Alternates has raised $800 million for its fifth private equity fund, exceeding its initial target of $750 million, backed by global investors such as the International Finance Corporation and US-based Adams Street Partners.

In a statement, Motilal Oswal said that Japanese investors, family offices, and high-net-worth individuals also invested in the India Business Excellence Fund V (IBEF V), whose corpus can go up to $950 million. This is the first close of the fund, and the final close is expected by October.