Private equity firm True North, (formerly India Value Fund Advisors) is one of the oldest and largest domestic private equity funds in India. With a combined corpus of $2.8 billion under its belt, the investment firm is on track to raise one of its largest fund yet at around $900 million.
After a $600-million first close for the new fund, Mumbai-based private equity major is aiming to reach a final close in the next two-three months after getting commitments from investors like ADB, IFC and US-based Illinois Municipal Retirement Fund’s (IMRF).
With two decades of investing in India, the Mumbai-based private equity major’s managing partner Vishal Nevatia talks about the private equity firm’s investment strategies and its plans for the sixth fund.
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