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Article: India: Milestone Capital to raise $250 mn.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: pinto03
Private equity (PE) firm Milestone Capital is looking to raise a $250 million (about Rs 1,175 crore) offshore fund independently or jointly with Delhi-based Religare, its existing partner in a fund that invests in the healthcare and education space in India, an industry executive, familiar with the matter, said on conditions of anonymity.
The new fund will invest in the US, Europe and the Middle East in education and healthcare sectors. At present, Religare Group and Milestone have a 50:50 joint venture (JV) fund, Religare Milestone, with a corpus of Rs 600 crore.
The fund focuses on local companies in tier II and tier III cities ...