India focused private equity manager, OAKS Asset Management has launched second private equity fund.
“OAKS Consumer Fund will have a total target of around Rs 500 crore with a green shoe option of another Rs 250 crore”, company executives informed ‘The Economic Times’.
Vivek Anand PS, Founder and MD said that the Rs 500 crore fund size (with a green-shoe option of Rs 250 crore) will aim to invest in 10-12 businesses with the investment size ranging between INR 25-100 crore per investee company.
“The fund will seek to partner with proven founders who are demonstrating meaningful revenues and growth in large target markets in a capital-efficient manner,” he added.
Founder and CEO of OAKS Asset Management – Vishal Ootam said, “The fund has already received commitments worth Rs 400-450 crore from Indian family offices and UHNIs [ultra high networth individuals].”
Founder and chief investment officer – Kenneth Serrao, said, “India’s strong consumer business story continues to provide sound investment opportunities and our track record of multiple successful exits helps us in identifying the opportune time and mode of exit for value maximization.”
OAKS is an independent, partner owned, investment management firm investing in experienced entrepreneur led consumer businesses.
The platform comprises of an operating team and an advisory board that works alongside portfolio companies – entrepreneur led India businesses, as partners.
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