NEW DELHI: The US-based Exhilway private equity group has lined up Rs 32,000 crore or USD 5 billion investment for India in the next five years. The first investment tranche of Rs 6,245 crore or USD 1 billion will be invested in India this year, focusing primarily on the viable business models generating pleasing returns.
The investment will be made via Exhilway Global Opportunities Fund - I. The general partner of the private equity fund will be US-based Exhilway Asia Ventures Incorporated.
As per the investment strategy, Exhilway will invest in the compulsory convertible bonds of emerging companies and will benefit from the fixed interest rate as well as the growth of the underlying securities. Exhilway will mentor portfolio companies and will assist them in building market capitalization over the investment tenure. The investor will be offered complete investment protection. Exhilway Global Opportunities Fund - I will have a shorter tenure of 5 years as compared to the industry average of 8-10 years.
Exhilway is confident that India will outperform many emerging markets and will emerge as one of the top investment opportunities.
Exhilway which is operational in India since last 10 years has various high profile real estate deals to its credit. Exhilway is also planning a mega real estate fund which will invest in the properties of Delhi NCR and Mumbai.
"In EGO - I we have carved out the fund structure in such a manner that the investors must not lose its principal and must earn a debt return of 5.00% per annum followed by the equity appreciation while the portfolio companies are growing. We will be backing only sensible business models. India being an emerging market has some risks but the same are eliminated in the type of hybrid PE fund we are offering," said Rahul Kumar, Country Head, Exhilway India Operations.
The private equity fund is headed by Ajay Garg, Rahul Kumar, Joy Ghosh and Ketan Mehta.
EGO - I is a visible private equity fund and the portfolio companies are finalized only after the in-depth due diligence followed by business rating and enterprise valuation done by the Newman Asset, a US-based research and rating agency.
The fund will be available for investors based out of US, UK, Gulf, Australia and Japan.
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