Japan's SBI Kicks In $90M To Set Up Indian PE Funds

Law360, New York (January 30, 2012, 4:48 PM EST) -- Japan-based SBI Holdings Inc. has created two new investment funds focused on Indian companies, a $100 million alternative asset management fund aimed at publicly traded companies and a $30 million fund dedicated to unlisted, up-and-coming information technology businesses, SBI announced Monday.

SBI will kick in $75 million for the alternative asset management fund, a private investment in public equity fund that will focus on small- and mid-cap Indian companies, while joint sponsor Edelweiss Financial Services Ltd. will be responsible for the remaining $25 million, according to...
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