Fund Formation
AZB helps Cerberus PE form $1bn special situations platform with HDFC to fund residential projects
Global PE major, Cerebrus Asia Pacific Investments and HDFC Capital Advisors have partnered for a special situations platform amounting to $1bn, focused on high-yield opportunities in the Indian residential real estate sector, according to the reports by The Economic Times & Business Standard. ...
AZB acts for Tata Cap on $20m fundraise from NTT Docomo (Oct ‘19)
NTT DOCOMO announced that it would invest USD 20 million in the Tata Capital Growth Fund II LP in Singapore with the aim of investment focusing on growth-stage companies in India. — Thefastmode AZB & Partners advised Tata Capital Limited led by a team of partners Ashwath Rau , Pallabi Ghosal , ...
Ex-NDA’s Ruchir Sinha, S&R act on $624m GIC, IRB road building InvIT (Aug ‘19)
Road developer IRB Infrastructure Developers Ltd … said Singapore’s sovereign wealth fund GIC is investing ₹4,400 crore in its road platform. — Mint The private InvIT is estimated to have a portfolio of INR 22,500 crores (approx. USD 3,191.48 million) at completion of construction. The road assets i...
AZB acts on Chiratae fund $10m commitment from CDC
CDC Group, the UK’s publicly owned impact investor, has committed US$10 million to Chiratae Ventures’ Fund IV to support the growth of highly scalable, tech-enabled companies in India. — Cdcgroup AZB & Partners advised Chiratae Advisors Co. Ltd led by a team of partners Ashwath Rau and Pallabi ...
AZB acts $8.6m real estate fund formation of Axis RERA Opportunities Fund (Apr ‘19)
Axis Asset Management Company’s Rs 400-crore real estate fund, Axia RERA Opportunities Fund –I, has inked a deal to invest Rs 60 crore in Chennai-based property developer Akshaya Group’s township project along Chennai’s IT corridor. — The Economic Times AZB & Partners advised Axis RERA Opportun...
AZB acts on $97m BASF participation in Omnivore investment fund (Apr ‘19)
Omnivore Partners, an early-stage venture investment firm, has raised $97 million for its second fund, higher than the targeted $75 million, signalling rising interest by global investors in backing impact investment funds out of India. — The Economic Times AZB & Partners advised BASF Venture C...
AZB sets up $600m GIC-Reco Altius investment fund with Indian Hotels Co (May ‘19)
Indian Hotels Co. (IHCL) and Singapore’s sovereign wealth fund GIC will set up a three-year, Rs 4,000-crore investment platform to acquire hotels in the luxury, upper-upscale and upscale segments, the company said on Friday. — The Economic Times AZB & Partners advised Reco Altius Private Limite...
Khaitan helps Iron Pillar VC fund raise $45m top-up
Mid-stage, technology focused venture capital fund Iron Pillar has raised $45 million, as a top-up to its first fund. — Mint Khaitan & Co advised Iron Pillar Group led by a team of partner Siddharth Shah , partner Bijal Ajinkya , partner Vivek Mimani , senior associate Rahul Jain , associate Is...
Trilegal, Goodwins help ex-Sequoia execs’ A91 Partners fund raise $350m
A91 Partners, a venture capital firm floated by three former Sequoia executives, Gautam Mago, VT Bharadwaj and Abhay Pandey has held its first and only closing earlier this week. The fund raised approximately $350 million from a large number of investors, which includes development finance instituti...