30.05.2016 - Oman SWF backed PE fund OIJIF hits first close of $250 million for second fund
Oman India Joint Investment Fund (OIJIF), a private equity (PE) fund backed by Oman’s sovereign wealth fund State General Reserve Fund (SGRF) and India’s largest lender State Bank of India (SBI), has hit a first close of $250 million for its second fund, said two people aware of the development. To be sure, a fund has many closings and a first close implies that it will start investing the money raised. The first fund—which raised and invested $100 million in 2011—did not seek third-party capital and was completely sponsored by SGRF and SBI...............................................Full Article: Source
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