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Grapevine: Piramal Alternatives moves closer to setting up FoF; Z47 eyeing multiple exits

Grapevine: Piramal Alternatives moves closer to setting up FoF; Z47 eyeing multiple exits

10 Oct 2024

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Grapevine: Piramal Alternatives moves closer to setting up FoF; Z47 eyeing multiple exits

Avnish Bajaj, founder and managing director, Z47 (formerly Matrix Partners India)

Piramal Alternatives, a unit of Piramal Group that is controlled by Indian billionaire entrepreneur Ajay Piramal, has earmarked an initial corpus of about $200 million for a fund-of-funds strategy as it looks to back both private equity (PE) and venture capital (VC) firms, as per a DealStreetAsia report on Wednesday. With ......