Sources within the know mentioned that the fund is anticipated to shut its first deal within the subsequent 90 days Matters
media & entertainment | PE funds | NCDs In what's amongst the primary centered fund within the area, India Media Leisure Fund (IMEF) is elevating Rs 500 crore, which can present each fairness in addition to devices like non-convertible debentures (NCD) to companies within the content material, distribution platform and companies areas. The non-public fairness fund has appointed a high-profile advisory physique which incorporates advert guru Prahlad Kakkar, managing director of Crimson Chillies Leisure and cricket group KKR Sports activities, actress and entrepreneur Raadhika Sarathkumar, who has starred in Malayalam, Hindi and Kannada movies and runs Radaan Mediaworks. It additionally consists of Ramnath Pradeep, former chairman and managing director of Company Financial institution, and Rajesh Gupta, senior accomplice of legislation agency SNG Companions.
The fund shall be overseen and run by its founder and accomplice Parth Gandhi, former managing director of the $825 million fund AION, a number one asset administration firm within the nation which was a three way partnership between ICICI Enterprise and Apollo Administration. It additionally consists of CP Khandelwal, chairman of the Systematix Group, a diversified monetary companies firm.
Sources within the know say that the fund is anticipated to shut its first deal within the subsequent 90 days. It's taking a look at early-stage companies and plans to take a position as much as Rs 25 crore in an organization within the first spherical.» Read more from www.business-standard.com