Tata Capital Growth Fund II, a fund sponsored and managed by Tata Capital, has raised a total of ₹1,250 crore to be invested in strategic services, discrete manufacturing and urbanisation.
The fund raised the corpus from existing and new investors such as global and European fund of funds, reputed Japanese institutions and a leading Asian development financial institution, the company said in a statement.
“A stable team, improving underlying economic fundamentals, the imminent release of a vaccine and quality of the current portfolio that Tata Capital Growth Fund II has built till date inspires confidence that the fund will continue to identify and invest in industry-leading companies,” Akhil Awasthi, Managing Partner at Tata Capital Growth Fund said.
Tata Capital Growth Fund II is a continuation of the investment strategy pursued by Tata Capital Growth Fund I, the statement added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.