US Consultant Helps IDFC in Weighing Investments, Risk
IDFC PE has $1.3 billion (Rs5,928 crore) under management and is present in critical sectors such as power and ports.
By Shraddha Nair and Baiju Kalesh
livemint.com
March 25, 2010
MUMBAI – India’s first private equity (PE) fund, IDFC Private Equity Co. Ltd, signed on US-based consultancy Strategic Decisions Group International Llc (SDG) in the middle of last year to help it with strategic investment, risk management and creating value for shareholders.
The move was uncommon for an Indian PE fund, industry executives said, adding that if more funds took the same route, it could diminish the role of general partners, which raise capital from institutions and individuals for investment in companies and have the right to participate in their management.
