Private sector lender Yes Bank plans to set up a firm, Yes Ventures, to house its private equity funds, in 2010-11. “We are keen on having a centralised PE enterprise which will help incubate stand-alone and partnership funds,” Yes Bank Managing Director and CEO Rana Kapoor told Business Standard. The bank is in the process of closing a $200-million (over Rs 900 crore) cleantech private equity fund with US private equity investor Global Environment Fund. The fund, proposed in June 2008, was expected to mop up $500 million (around Rs 2,300 crore at Monday's exchange rate). It will close this month. […]