The Banking and Strategy Initiative

Chillin' out till it needs to be funded

Renuka Ramnath raises multiples | Reuters PE

A private equity fund launched by the former chief of Indias ICICI Venture plans to raise about $500 million, the Economic Times newspaper reported on Monday.Renuka Ramnaths firm, Multiples, has already received financial commitments of $150 million to $200 million from some partners, the paper said, citing the chief executive of an unidentified private equity firm.The commitments are in the process of being formalised and the first tranche of the fund could be in place in less than two months, it said.Ramnath could not be immediately reached for comment.”She plans to raise a shade less than $500 million … her primary targets are pension funds, fund-of-funds and a select group of high net-worth individuals and is looking at 50:50 domestic/international investments ratio,” the paper quoted an unidentified private equity investor as saying.

via Indian PE fund to raise about $500 mln – report| Industries| Financial Services| Reuters.

4 comments on “Renuka Ramnath raises multiples | Reuters PE

  1. Pingback: Another ICICI alumnus adds $500 million « A blog of blogs

  2. Murli
    July 18, 2009

    Renuka is a trailblazer in PE fund industry in India. It is sad to note that ICICI has not given her dues and instead of appointing her as the CMD of ICICI bank rather gave it to Chanda Kochhar who is no match to Renukas innovative ideas and result oriented approach.

    Renuka will definitely carry her rich and multifaceted experience to her new venture Multiples and her Midas touch will work wonders for investors backing her.

    Renuka we wish and sincerely hope that you Multiply investments and turn out be a India Warren Buffet


  3. jmsood
    April 24, 2010

    Keen to invest in Renuka Ramnath’s PE Venture. Please send details.


  4. jmsood
    May 2, 2010

    Wish to join hands with Renuka Ramnath’s PE Fund as an Investor and Investment Adviser. Shall be grateful if details/contacts are made available.


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