Faering Capital Fund Raises Rs 750 Cr
Faering Capital- a fund founded by Aditya Parekh- has raised Rs 750 Cr from the domestic market.
The investors are largely local banks and financial institutions.
Reference: ET
Faering Capital fund will look to invest in mid-cap firms, with an average deal size of Rs30-80 Cr.
The advisory board comprises of Deepak Parekh and Adi Godrej. The board members will interact with companies; giving advice and helping them implement their business plans.
The fund has been launched by Aditya Parekh, son of HDFC chairman Deepak Parekh and his friend Sameer Shroff.
Aditya Parekh worked briefly with DSP Merrill Lynch in Mumbai and is an MBA from Wharton School, University of Pennsylvania.
Sameer Shroff, an alumni of Kellog School of Management, had worked with INDIAREIT for a year before founding Faering Capital.
According to Emerging Markets Private Equity Association, Indian funds raised $1.3 bn in the first six months of 2010, compared with $4 bn in the same period last year.
| 1 Readers' Comments | Post a Comment >> |
| 1 | October 26, 2010 06:56 AM |
Spending
approximate a
thousand
dollars on a
replica watches
just to see it
spoil on you is
nothing more
swiss watches.
What is
frustrating is
that it can
happen to you
anytime
anywhere.
Therefore, when
you spend huge
money on a
designer
watches, it is
probable that
you are getting
a first-class
luxurious piece
of ebel
watches.
However, there
are still many
things will
damage the
replica
Burberry .When
you go to get
your Breguet
replica fixed,
there are
several factors
you have to
consider. The
first is
whether you
want to take it
into a store or
have it
replaced
through an
online store.
Despite the
overwhelming
popularity of
IWC for sale
and A.Lange - Posted by bags  Recommended by 0 Readers |
| 2 | August 21, 2010 01:48 PM |
Congratulations
for new
venture.The
organisation
have two
reputed faculty
name Mr.Godrej - Posted by Abhay Mehta Recommended by 0 Readers |
| 3 | August 17, 2010 04:28 PM |
Congratulations
Aditya on your
Maiden Venture.
May God bless
you in this and
in all your
future Projects
to make you a
New Icon in
this Industry - Posted by R VARADARAJAN Recommended by 0 Readers |
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