Investment firm 247VC is on the brink of closing its initial fund, reportedly pursuing contributions from significant Limited Partners (LPs).
In the dynamic world of venture capital and real estate, several significant developments have taken place.
HDFC Capital, a venture capital firm, has secured a notable achievement by acquiring the International Finance Corporation (IFC) as an anchor limited partner for its $1-billion real estate fund. This move marks a milestone for HDFC Capital, as it strengthens their position in the global real estate market.
Meanwhile, BlackSoil, another venture capital firm floated by Yagnesh Sanghrajka and Shashank Randev, is expanding its global footprint with a new fund. BlackSoil has launched a Southeast Asia-focused credit fund, marking their entry into the region. The focus of this new fund is on Southeast Asia, reflecting a strategic shift in their investment strategy.
In a related development, 247VC, an early-stage venture capital firm, is in discussions with a key institutional investor to join as a limited partner for its maiden fund. The specific institutional investors involved have not been publicly disclosed as of the latest available information. This information appears to be behind a premium news paywall and not publicly shared at this time.
247VC aims to close its maiden fund within a couple of months. The firm is in talks with a key institutional investor to come on board, but the details about the investor remain undisclosed.
Elsewhere, FOUNT is discussing the strategy for Good Fashion Fund 2, signalling their commitment to the fashion industry and sustainable practices.
In a separate development, Endiya Partners has roped in a former MassMutual executive as a venture partner. This move is expected to strengthen Endiya Partners' position in the venture capital industry, bringing in valuable experience and insights from the insurance sector.
Lastly, Blackstone's $1.4 billion India portfolio rollover is expected to generate big gains for Asia and global PE funds. This development underscores the growing importance of the Indian market in the global investment landscape.
These developments highlight the ongoing dynamism in the venture capital and real estate sectors, with firms continuously seeking to expand their reach and strengthen their positions in various regions.
[1] Source: Premium News Publication [3] Source: Premium News Publication
- The ongoing developments in the venture capital sector show that firms, such as 247VC, are actively seeking to expand their reach and secure investment partners for their funds. [Source: Premium News Publication]
- In the realm of finance, Blackstone's significant portfolio rollover in India is anticipated to provide substantial returns for Asia and global PE funds, emphasizing the growing importance of the Indian market. [Source: Premium News Publication]
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