India Value Fund Advisors ('IVFA') announced that it has secured a mandate to advise the Indium-V Fund. Indium has recently completed the first closing of USD 500 million of its fifth India dedicated fund ('Fund - V').

Fund - V was launched in November, 2014 and the final closing is expected in the next 90 days at a hard-cap of USD 700 million. This capital has been raised from over 25 marquee investors and is well diversified with a mix of sovereign funds, pension funds and fund of funds from across the globe.  

This mandate consolidates IVFA's position as one of the largest, most experienced and successful private equity fund manager and advisor in India. IVFA's team of 25 investment and operating professionals brings deep experience of investing and advising on investments aggregating over USD 1 billion across economic cycles.  Since inception, IVFA has partnered with over 30 businesses in India over the last 15 years. IVFA currently has investments in 15 companies with total revenues of over USD 1 billion, profits of over USD 200 million and employs over 20,000 people.  

Fund - V will continue Indium's strategy of partnering with entrepreneurs and management teams to build a portfolio of majority and significant minority investments.  While Fund - V is a sector-agnostic fund focused on mid-market companies, IVFA will leverage its experience and franchise in the consumer, healthcare, food, IT / ITES and financial services sectors in  advising Fund - V.  

Vishal Nevatia, IVFA's Managing Partner said 'We are thankful for the confidence reposed in us by Fund - V and its investors.  This mandate is vindication of our strategy of working closely with mid-market firms and supporting them through business cycles and the unique challenges of the Indian market.  Our active involvement has helped management teams and entrepreneurs create firms that are best-in-class in their sector. We remain confident that if this is done consistently, it will create immense value for all stakeholders'.