Evolvence India Fund
 

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These are the six funds that are part of our portfolio :


Ascent India Fund

Ascent India fund (AIF) is a US$ 160 million fund and is managed by UTI Venture Funds Management Company Private Ltd (UVF). The Fund’s focus industries include IT & convergence technologies, BPO, Auto Ancillaries, Pharma and Textiles.

UVF is the mid market focused private equity arm of Unit Trust of India (UTI) group. UVF managed India Technology Venture Unit Scheme (ITVUS) a technology focused venture fund focusing on sectors such as Software products and services, IT Enabled Services, Semiconductors, Communications, Networking as well as Pharmaceuticals and Biotechnology

IDFC Private Equity Fund II

The IDFC Private Equity Fund II provides growth capital to promising enterprises in the area of infrastructure in India. The Fund had its first close on September 28, 2005 and has received commitments of US$ 200 million from Indian and overseas investors.

The Fund II is managed by IDFC PE, an investment management firm, a 100% subsidiary of the Infrastructure Development Finance Company (IDFC), incorporated in India in 1997.

India Value Fund

India Value Fund (IVF), previously GW Capital has a corpus of US$ 180 million. IVF makes financial and intellectual capital available, to growing middle-market companies in India.

IVF has invested in promising companies, partnered progress, and has seen successful exits. IVF investments include a diverse range of industries such as healthcare, retailing, outsourced services, media & entertainment, and precision engineering. .


Leverage India Fund

Leverage India Fund (LIF) is a private equity fund sponsored by IL&FS, Punjab National Bank and Taib Bank. Foreign and domestic institutional investors have invested US$153 million in the fund that will focus on the infrastructure, life sciences, textiles and IT sectors in India.

IL&FS Investment Managers Ltd (IIML), the investment manager is one of India's largest domestic private equity fund management companies, managing over US$ 359 million on behalf of leading Indian and international institutions.


New York Life Investment Management India Fund II

New York Life Investment Management India Fund II is sponsored by New York Life; the investment affiliate of New York Life Insurance Company (one of the world’s largest life Insurance company) and is advised by Jacob Ballas Capital. This is a second fund with the same lead sponsor and advisor. As of Dec 2005, the fund had commitments of approximately US$120 million.

The Fund is focused on acquiring minority stakes in existing and emerging ‘blue-chip’ Indian companies. These companies are mostly with successful operating histories and leading market positions that are either family-owned or professionally managed. The fund will focus on infrastructure, IT/BPO, textiles, pharmaceuticals, and financial services sectors in India.


The Baring India Private Equity Fund II

The Baring India Private Equity Fund II has a fund size of US$177 million with a strategy to invest across a broad range of sectors within their target areas. Their current areas of focus are pharmaceuticals, consumer goods, IT & BPO, financial services, logistics, distribution and engineering services.

Baring Private Equity International founded in 1984, is a leading international private equity asset manager with approximately US$ 2 billion in funds under management.