Thursday, January 18, 2007

Sabre Capital plans $1bn India fund

Sabre Capital Worldwide, Inc. may launch a new $1 bn fund within the next 9-12 months. Sabre had earlier set up an India-specific $350 mn private equity fund. The company has already raised $50 mn of the $350 mn fund. The second and final tranche of capital, which will include the entire balance amount, will be raised by February.

The fund, called Sabre Abraaj, has already made an investment of $16 mn in an unlisted mid-sized infrastructure company based in Hyderabad. The fund is looking at mid-level corporates and may invest in the range of $15-50 mn. About 50-60% of the investors in the fund are from the Middle-East, while the others hail from Europe, the US and East Asia. Though there is a 10-year commitment for investments, the company intends to give at least 2-3 times returns within four years to investors.

Read the Business Standard article.

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