Dawnay Day to raise $200 mn India-specific PE
UK-based financial services and real estate company Dawnay Day is planning to raise a $200-million India specific private equity (PE) fund.
By Gaurie Mishra, TNN |
NEW DELHI: UK-based financial services and real estate company Dawnay Day is planning to raise a $200-million India specific private equity (PE) fund.
The company with an asset base of $5 billion, is also looking to make four investments totalling $40-50 million from its own books.
Dawnay Day is present in India through a joint venture with investment banker Alok Vajpeyi, who has had a long stint in the Indian financial services business. The JV called Dawnay Day AV Financial Services is also into investment advisory business.
“We will enter the PE space after we set a good track record in investments and for that, the first few investments will be made out of our own books,” said Dawnay Day AV Financial Services vice chairman & MD Alok Vajpeyi.
The fund raising process will begin in the next 4-6 months after it has made the initial investments through its books. The company will make investments in four companies and each investment is expected to be around $10 million.
The company with an asset base of $5 billion, is also looking to make four investments totalling $40-50 million from its own books.
Dawnay Day is present in India through a joint venture with investment banker Alok Vajpeyi, who has had a long stint in the Indian financial services business. The JV called Dawnay Day AV Financial Services is also into investment advisory business.
“We will enter the PE space after we set a good track record in investments and for that, the first few investments will be made out of our own books,” said Dawnay Day AV Financial Services vice chairman & MD Alok Vajpeyi.
The fund raising process will begin in the next 4-6 months after it has made the initial investments through its books. The company will make investments in four companies and each investment is expected to be around $10 million.
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