Motilal Oswal Alternates closes fifth private equity fund at Rs 8,500 crore

Synopsis Motilal Oswal Alternates has closed its fifth private equity fund at Rs 8,500 crore, marking the largest fundraise in the firm’s history, amid increasing investor appetite for India-focussed mid-market deals. Listen to this article in summarized format Motilal Oswal Alternates has closed its fifth private equity fund at Rs 8,500 crore, marking the largest fundraise in the firm’s history, amid increasing investor appetite for India-focussed mid-market deals. The India Business Excellence Fund V (IBEF V) exceeded its initial target of Rs 6,500 crore to hit its hard cap — the maximum amount the fund was permitted to raise. The fundraise was completed in under 10 months from its launch in April 2025, the firm said in a statement on Monday. The fund saw commitments from a set of global and domestic investors, including capital markets firm Adams Street Partners, asset management firm Schroders, a fund managed by the investment banking company Neuberger Berman, International Finance Corporation, Oman Investment Authority, and private equity firm Axiom Asia, alongside Japanese institutions, Indian banks, insurance companies, and family offices. The Motilal Oswal group, the fund’s sponsor, and the alternates team together committed around 10% of the corpus, it said. “Despite an environment marked by economic uncertainty and geopolitical volatility, the successful outcome of this fundraise reflects the deep trust placed in us by leading global asset managers and domestic investors. This confidence has been built through sustained engagement, disciplined investment processes, consistent outcomes across prior fund vintages, and steady capital distributions,” said Rohit Mantri, managing director and co-head, Motilal Oswal Alternates (PE). The fund will write cheques of $40-100 million in mid- to late-stage companies across the consumer, financial services, niche manufacturing, healthcare, and technology sectors. About 20% of the fund has already been committed across three investments. Its recent bets include carbonated beverage brand Lahori Zeera, medical devices maker Sensacore, and Vistaar Finance, a non-banking finance company focussed on secured lending. Founded by Vishal Tulsyan and the Motilal Oswal group, Motilal Oswal Alternates manages around $3.3 billion across private equity, real estate, and private credit strategies. The private equity fund has made 51 investments and completed 24 exits so far, generating around $1 billion in liquidity with a realised multiple of about 4X, according to the firm. (Catch all the Technology News News, and Latest News Updates on The Economic Times.) ...more