Press Esc to close

IIFL's new fund collects $250m in 3 months

DH News Service, Mumbai, May 22 2017, 21:21 IST

India Infoline’s (IIFL) Special Opportunities Fund has garnered commitment of approximately $250 million within just three months of its launch.

The fund was launched in February 2017 to generate long-term capital appreciation through investment in equity and equity related instruments of to-be listed companies.

IIFL Special Opportunities Fund is a close ended scheme under Category II Alternative Investment Fund. The fund, by raising a commitment amount of $250 million within just three months of launch, makes it one of the largest collection from an AIF fund so far. Following the success of the first Series, the company has plans to launch IIFL Special Opportunities Fund – Series 2, IIFL said.

“We provide a plethora of differentiated innovative products across asset classes backed by strong holistic research. Within this space, we are one of the largest players across asset classes, whether real estate, fixed income or equities. IIFL Special Opportunities Fund is a unique offering focusing on pre-IPO and IPO space which has been introduced in India for the first time,” IIFL Asset Management business CEO Amit Shah said.

“Over the last few years IPO makers have done very well and many IPOs have given triple digit returns. However investors have found it difficult to access the IPO markets and benefit from it. IIFL Special Opportunities Fund is the first attempt to create an organised pool of capital to access this market. We are excited to be the first asset management company to introduce this unique offering to the investor community,”IIFL Asset Management business chief investment officer Prashasta Seth said.

Go to Top

More from this section
Most trending stories
Photo Gallery
Sri Lanka's Suranga Lakmal in action during the first ODI cricket match against India at the HPCA...

Sri Lanka's Suranga Lakmal in action during the first ODI cricket match against India at the HPCA...

Family members of various fishermen, who are still missing following cyclone Ockhi...

Family members of various fishermen, who are still missing following cyclone Ockhi...

LGBT people raise slogans during 16th Kolkata Rainbow Pride Walk in Kolkata on Sunday...

LGBT people raise slogans during 16th Kolkata Rainbow Pride Walk in Kolkata on Sunday...

Vice President M Venkaiah Naidu honours MSSRF Chairman M S Swaminathan at an award function...

Vice President M Venkaiah Naidu honours MSSRF Chairman M S Swaminathan at an award function...

Prime Minister Narendra Modi being presented a lotus-garland by the BJP workers during an election..

Prime Minister Narendra Modi being presented a lotus-garland by the BJP workers during an election..

Rahul Gandhi, Vice-President of India's main opposition Congress Party, is garlanded by supporters..

Rahul Gandhi, Vice-President of India's main opposition Congress Party, is garlanded by supporters..

Dressed in Santa Claus outfits, a diver feeds sardines as part of events to celebrate...

Dressed in Santa Claus outfits, a diver feeds sardines as part of events to celebrate...

A model showcases a creation by designer Tarun Tahiliani at Fashion Tour 2017 in Mumbai...

A model showcases a creation by designer Tarun Tahiliani at Fashion Tour 2017 in Mumbai...

A farmer works at his mustard field at a village on the outskirts of Amritsar on Saturday...

A farmer works at his mustard field at a village on the outskirts of Amritsar on Saturday...

Border Security Force (BSF) jawans during a training session at Kathua, about 90 kms from Jammu...

Border Security Force (BSF) jawans during a training session at Kathua, about 90 kms from Jammu...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.