Multiples Alternate raises $640 million for new fund

Multiples Alternate Asset Management has raised $640m for its fourth Indian-focused private equity fund. The fund aims to increase its size to $1bn with a final close expected in the next five months. Canada Pension Plan Investment Board, IFC and the State Bank of India are the fund's anchor investors. Despite the fund size being $1bn, Multiples plans to use the green-shoe option to increase the final investment to $1.5bn. Founded by Renuka Ramnath in 2009, Multiples has already invested in companies such as Dream 11, PVR Cinemas and RBL Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/OBMV0Fb