Monsoon Capital on Closing Inflection Funds

February 9, 2007	(Be the first to rate this story!)  Loading ...
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Monsoon Capital, the known adviser to onshore and offshore private installment partnerships, held a soft close on its Monsoon India Inflection Fund II and Cayman Islands-domiciled Monsoon India Inflection Cayman Fund on Jan.1. The total amount of funding raised is estimated to be $600 million. The fund will close to present investors in March with some $700 million.

In today’s business environment, every company is looking at investment opportunities differently. The Monsoon funds prefer to take an exit route making investments in small to mid cap companies thereby taking a private equity slant.

About one third of company’s transactions include private investments in public entity and minority stake private equity deals. Of the total, two third of their transactions are based on secondary purchases held in the open market or through block trades.

In 2006, the funds returned 57%, net of fees, on the potential of its core holdings. However, the company has recently brought about some modifications in its investment strategy, according to which, it will concentrate in its best holding, says founder Gautam Prakash. He does not want to reveal the complete details about the fund’s specific holdings but has thrown a little light on it, saying that the holdings had exposure to the IT services, consumer electrical goods, medical device manufacturer, consumer finance, and property development sectors.

News Published Under:   Real Estate India |

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