JM Financial informed the Bombay Stock Exchange BSE on August 9 that it has launched a private equity fund with Old Lane Partners LP as lead investor and co-sponsor. The fund is called JM Financial India Fund. The initial corpus of the fund is $150-175 million, being raised both from investors in India and outside the country. JM Financial India Fund announced its first financial close on July 31 with commitments of $90 million.
Nimesh Kampani, Chairman, JM Financial Group said, We are pleased to announce the setting up of our corporate private equity fund. This is in line with the expansion plans for the group. This fund is JM Financial Group's first private equity...
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