IDBI Capital Markets and Securities Ltd, a subsidiary of IDBI Bank, has secured capital commitments for two new alternative investment funds. The development was revealed by a source familiar with the matter to VCCircle. This news comes after VCCircle reported last month that IDBI Capital was preparing to launch new funds. The new funds are expected to be part of the company’s expansion plans in the alternative investment space.
IDBI Capital was founded in 1998 and is a well-established player in the Indian financial market. The company has a strong track record of managing alternative investment funds, including private equity, venture capital, and real estate funds. With the new funds, IDBI Capital aims to strengthen its presence in the alternative investment space and tap into the growing demand for such products.
The exact details of the new funds, such as their size, focus, and investment strategy, have not been disclosed. However, industry sources suggest that the funds will be multi-stranded, with a mix of debt and equity investments. The company is likely to target a range of sectors, including sectors like consumer, healthcare, and technology.
The news comes at a time when the Indian alternative investment space is witnessing rapid growth, driven by factors such as the Indian government’s policies to boost economic growth, the increasing adoption of alternative investment products, and the growing participation of high net-worth individuals in the market.
For IDBI Capital, the launch of new funds is a strategic move to expand its presence in the alternative investment space and leverage its expertise to tap into the growing demand for such products. The company has a strong track record of delivering returns to its investors, which is expected to attract new investors to its funds.
Overall, the news is a positive development for IDBI Capital and the Indian alternative investment space, as it indicates the company’s commitment to expanding its offerings and catering to the growing demand for alternative investment products.