JM Financial launches India-focused private equity fund with Old Lane

JM Financial launches private equity fund with Old Lane Partners LP as lead investor and co-sponsor and initial corpus of $150-175 million.

JM Financial informed the Bombay Stock Exchange BSE on August 9 that it has launched a private equity fund with Old Lane Partners LP as lead investor and co-sponsor. The fund is called JM Financial India Fund. The initial corpus of the fund is $150-175 million, being raised both from investors in India and outside the country. JM Financial India Fund announced its first financial close on July 31 with commitments of $90 million.

Nimesh Kampani, Chairman, JM Financial Group...

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