(L-R) Rohit Mantri, Vijay Dhanuka, Prakash Bagla, Vinit Mehta.Motilal Oswal Alternates has announced the final close of its fifth private equity vehicle, India Business Excellence Fund V, at its hard cap of ₹8,500 crore.
The fund saw participation from global and domestic investors and exceeded its initial target of ₹6,500 crore.
Investors in the fund include Adams Street Partners, Schroders, funds managed by Neuberger Berman, International Finance Corporation, Oman Investment Authority, Axiom Asia, Japanese institutional investors, domestic banks and insurance companies, as well as global and Indian family offices.
Motilal Oswal Group and the Motilal Oswal Alternates team have also committed over 10 per cent of the capital.
Fund V will invest about $40 million to $100 million per deal in mid to late-stage businesses across consumer, financial services, niche manufacturing, healthcare and technology-led companies in these sectors.
The firm has made 51 investments and completed 24 exits, generating around $1 billion in liquidity.
About 20 per cent of Fund V’s capital has already been deployed across three investments.
The firm is co-headed by Rohit Mantri and Vijay Dhanuka, alongside Prakash Bagla and Vinit Mehta.
“Despite an environment marked by economic uncertainty and geopolitical volatility, the successful outcome of this fundraise reflects the deep trust placed in us by leading global asset managers and domestic investors. This confidence has been built through sustained engagement, disciplined investment processes, consistent outcomes across prior fund vintages and steady capital distributions,” said Mantri.
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