Investcorp slashes size of maiden India fund after buying IDFC Alternatives’ PE biz

Global alternative asset manager Investcorp, which acquired the private equity business of IDFC Alternatives Ltd earlier this year, has closed its maiden India-focused fund at a significantly lower level than the earlier target. The Bahrain-based investment firm has raised $142 million (Rs 1,000 crore) for the new fund, co-chief executive Rishi ......