IDFC Alternatives Ltd. the private equity arm of IDFC Ltd, will launch its fourth fund within the next three months with the goal of raising between $400 and $500 million. The corpus of the fund will be raised from existing investors and limited partners in both the U.S. and Canadian markets, as well as elsewhere. The average investment size is expected to be between $30 – $40 million, and the fund foresees a rate of return of 25%.
This fourth fund is intentionally being raise with the object of investing in sectors that have previously seen little exposure, including food and agriculture. Within the sector the fund will be targeting seed manufacturing companies, biotech crop care products, such as biofertilizers and biopesticides, and irrigation systems.
IDFC Alternatives’ general partners have an impressive track record for review by limited partners and investors considering investing. Forty one investments have been made so far, with 25 exits completed, and IDFC is also in the process of planning five more exits within the next four months through three strategic transactions and two initial public offerings. To read further:
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free weekly enhanced eNews service