IDFC Private Equity Co.
In a move described as “uncommon” for an Indian private equity fund, IDFC Private Equity Co. engaged its longtime strategic partner SDG to help it with strategic investment and risk management of its nearly $1.3 billion under management.
As reported in Mint, an Indian business publication in partnership with The Wall Street Journal, IDFC has shifted its approach to focus on exit strategies in addition to investments. Chief executive Luis Miranda, quoted in the publication said the company had faced its share of challenges during the economic slowdown, which led to hiring SDG for this purpose during 2009. IDFC, which is present in sectors such as power and ports, evaluates approximately 200 opportunities every year. The complete text of the article can be found at livemint.com.
