Management of PE/VC Funds

IFCI Venture Capital Funds Limited (IFCI Venture) has launched three new funds in emerging sectors of the economy namely:

  • India Automotive Component Manufacturers Private Equity Fund -1-Domestic (IACM-1-D) with a target corpus of Euro 60 million equivalent to Rs.330 Crores. This Fund will be dedicated for investment mainly in Indian Automotive Component companies and in other related/ emerging sectors.
  • India Enterprise Development Fund (IEDF), a Venture Capital fund set up with target corpus of Rs.250 Crores to invest in knowledge based projects in key sectors of Indian economy with outstanding growth prospects.
  • Green India Venture Fund (GIVF), a Venture Capital fund setup with a target corpus of Euro 50 million with the objective to invest in commercially viable Clean Development Mechanism (CDM), energy efficient and other commercially viable projects with an aim to reduce negative ecological impact, efficient usage of resources such as energy, power etc and other related sectors/projects.

    Funds

    IACM - 1- D

    GIVF

    IEDF

    Objective

    To invest in Indian companies engaged in, amongst others, the automotive parts and components manufacturing sector in order to generate high returns for its investors. The objective of GIVF would be to invest in companies setting up Clean Development Mechanism (CDM) projects and other commercially viable projects/ business. To invest in knowledge based projects with relatively high entry barriers, critical applications, prospects for high growth and global scalability in diversified and/ or emerging sectors.
    Target Size INR 330 Cr INR 330 Cr INR 250 Cr
    Nature of Fund PE Fund VC Fund VC Fund
    Tenure 8 years With two prolongation option of 1 year each 7 years with three prolongation options of 1 year each 7 years with three prolongation options of 1 year each.
    Target Returns 20% p.a. 20% p.a. 20% p.a.
    Size of investment Rs. 6 to 40 Cr Rs. 2 to 30 Cr Rs. 2 to 25 Cr