PE Fund proposals - India

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ET 6-12-2007 Page 1

ICIC to raise $8 billion for PE investment

ICICI Venture will raise $5 B and ICICI Bank will raise $3 B.

ICICI Venture is already the largest Indian PE player with over $2.5 B under management. It plans to launch $2 B real estate fund and $2 B PE fund. The deal presently around $60 - 100 million will up to $200 M in the future.

ICICI bank is looking forward to a fund of funds with an initial size of around $500 million which will expand to around $2.5 B. It will also launch an infrastructure fund for $2 B.
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Motilal oswal