Centrum launches its maiden Rs 500 cr PE fund; to invest in FMCG, education tech, healthcare sectors

New Delhi: Financial services firm Centrum Tuesday announced launch of its maiden Rs 500-crore private equity fund, Kalpavriksh, which will invest in mid-sized unlisted companies.

AFP

AFP

The fund has a life of 5 years with a 2-year extension and will focus on investing in the Indian consumption growth story, the Centrum said in a statement.

The fund, it added, will invest in mid-sized, unlisted companies with a growth potential in fintech, education technology, healthcare and FMCG sectors.

"There is an increased appetite from domestic HNIs to be part of sophisticated investment vehicles such as private equity funds. The sectors that we are focusing on are purely demand driven and have a potential of growing multi-fold over the next 4-5 years," said Jaspal Bindra, Chairman, Centrum Group.

Centrum further said it also has a partnership with India Property Advisors (IPAL), a real estate private equity fund.


Updated Date: Nov 08, 2016 17:21 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent