Investment firm Motilal Oswal Alternates moderately generates returns from their portfolio focused on the Banking, Financial Services, and Insurance (BFSI) sector.
Motilal Oswal Alternates (MO Alts), a leading Indian private equity firm based in Mumbai, has fully exited its second real estate fund, India Realty Excellence Fund II (IREF II). The fund, which included 14 investments, partnered with several developers, including Kolte Patil Developers, Casagrand Group, and Shriram Properties, among others.
The sale of the portfolio company by MO Alts is noteworthy due to its size, and it marks the firm's exit from all 14 investments profitably. However, the specific names of the companies that MO Alts offloaded from its portfolio are not detailed in the reports.
This exit is part of MO Alts' efforts to raise funds for its fifth and largest private equity fund, aiming to raise up to $750 million. The sale of the portfolio company, which had modest returns, may indicate a potential shift in the firm's investment strategy.
Meanwhile, other funds managed by MO Alts have also seen exits, such as IREF III, IREF IV, and IREF V, with partial exits across these funds.
Elsewhere in the Indian private equity scene, A91 Partners is backing a healthy snack brand called Happilo, which is looking to raise fresh funds. True North and Faering are expected to score high returns as a portfolio firm prepares for a $3.7 billion IPO.
However, Bain Capital is reportedly on course for another meek exit from its India portfolio. Iscon Balaji Foods, a potato flakes and frozen food maker, is in the circle of local PE firms, as per a recommended article.
It's worth noting that ChrysCapital, another Indian private equity firm, fell victim to a front-running scam eight years ago, according to a recommended article.
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The sale of the portfolio company by Motilal Oswal Alternates (MO Alts) signifies a shift in their investment strategy, as the funds raised might be channeled into their fifth and largest private equity fund, aiming to raise up to $750 million. Additionally, many of the funds managed by MO Alts have witnessed exits, such as IREF III, IREF IV, and IREF V, indicating active business and investing activities within the firm.
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