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Private Equity Fund OAKS Asset Management Bags Rs 1,000 Cr In Funding

The final close of the new fund is expected by the end of next month. Last year, the firm had launched its second private equity fund to invest in consumer startups and mid-size companies in India

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Consumer sector-focused mid-market private equity fund OAKS Asset Management has raised Rs 1,000 crore towards the first close of its second fund. The firm has mopped up more than anticipated capital owing to heightened investor demand and with existing investors topping up with larger cheques, senior fund managers told ET in an exclusive chat.

The final close of the new fund is expected by the end of next month. Last year, the firm had launched its second private equity fund to invest in consumer startups and mid-size companies in India.

Investors are increasingly appreciative of the power of high-quality profitable businesses with sustainable cash flows versus cash-burn oriented businesses that require serial capital raises. Record low fixed income yields and volatility of real estate as an asset class are further motivating investors to move in this direction. This is resulting in increased allocations from existing investors and sign-ups from several new investors, said Kenneth Serrao, founder and CIO, OAKS Asset Management.


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