30 Oct 2006
Dubai: Evolvence India Fund, the first independent fund of funds focused on private equity, real estate and infrastructure development in India, has invested in six funds and made four additional investments in high growth companies.
Evolvence Capital, an alternative investment group established in 2000 with $750 million in assets under management in a diverse range of products, is the sponsor and cornerstone investor in Evolvence India Fund.
Jay Jegannathan, Managing Director of the Evolvence India Fund, said the investment was the result of Evolvence India's strategy of marrying investor needs for diversification and high returns with the investment group's proven ability to create and incubate excellent investment vehicles.
Portfolios
The Evolvence India Fund portfolio includes investments in funds by UTI Ventures, New York Life Investment Management, IDFC Private Equity, IL&FS Investment Managers, India Value Fund Advisors and Baring India Private Equity.
By Staff Reporter
Gulf News 2006. All rights reserved.
