For this asset class, we pursue investments in profitable
and late-stage companies in high-growth sectors, particularly in India and Turkey.
Investing through a portfolio of investments, we generally target IRR in excess
of 25% p.a. As is our tradition, we work with strategic
partners; in this case, specialized private equity fund managers with an excellent
track record, local experience, and good deal flow prospects.
The
Leverage India Fund (LIF), an India-dedicated private equity fund we promoted
as lead foreign investor, successfully raised US$ 154 million. The fund was set
up in partnership with IL&FS Investment Management Limited (IIML), one of
India's major private equity players. Co-investors from India included several
financial institutions, such as Life Insurance Corporation of India and Punjab
National Bank.
LIF is now fully invested. It holds
a portfolio of 29 investments in diverse, high growth sectors
of the Indian economy.
Coming Soon: The
Turkish Mezzanine Fund (TMF), modeled on the Leverage
India Fund, is a Turkey-dedicated Euro 50mm fund that will invest in convertible/equity
transactions across growth sectors.
Co-sponsor: Banco Efisa Advisor: Darby Templeton.
