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Reliance Capital's equity arm invests Rs 100 cr in Pathways

Reliance Equity Advisors (India) Ltd (REAIL), the private equity arm of Reliance Capital Ltd, today said it has invested Rs 100 crore in Pathways World School.

This is the first private equity investment made by REAIL.

“We feel the education sector offers tremendous growth potential and is poised for rapid growth in the next few years,” REAIL CEO Ramesh Venkat told PTI.

“Going forward, we would be looking at more such emerging opportunities in this sector,” Venkat added.
He said the fund has a robust investment pipeline and is actively looking at logistics, hospitality and other sunrise sectors.
Venkat declined to share the size of the fund.
However, market sources said REAIL has raised a corpus of Rs 1,500 crore through a round of third party fund-raising in its Reliance Alternative Investments Fund – Private Equity Scheme 1, from banks, institutions and high networth individuals.
They said REAIL is expected to go in for another round of fund raising during the next quarter.
While, REAIL officials declined to comment on the size of the next round of fund raising, they said it is expected to significantly increase the corpus this year with additional domestic and international fund raising.
REAIL, a wholly owned subsidiary of Reliance Capital, is the Investment Manager of Reliance Alternative Investments Fund – Private Equity Scheme 1 (a private equity fund).
The fund was launched for making investments in sunrise industries in India.

Source: Business Standard


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