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Tuesday, July 15
by
www.indiape.com
on Tue 15 Jul 2008 06:06 PM IST
U.S.-based venture capital Walden International plans to launch a global fund early next year to raise up to $500 million as it steps up investment in China and India, a top official said on Tuesday.
Walden manages more than $1.9 billion in assets, mainly in China and the United States.
It aims to invest up to $150 million in the next 12-18 months in India's education, financial and healthcare service firms, Managing Director Rajesh Subramaniam told reporters in Mumbai.The firm was among the first investors in India's Mindtree Ltd , and currently owns 17 percent of the software services firm. It has also bought into unlisted Indian back-office firm Anantara and outsourcer Sierra Atlantic. more »
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