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Renuka Ramnath raises multiples | Reuters PE

A private equity fund launched by the former chief of Indias ICICI Venture plans to raise about $500 million, the Economic Times newspaper reported on Monday.Renuka Ramnaths firm, Multiples, has already received financial commitments of $150 million to $200 million from some partners, the paper said, citing the chief executive of an unidentified private equity firm.The commitments are in the process of being formalised and the first tranche of the fund could be in place in less than two months, it said.Ramnath could not be immediately reached for comment.”She plans to raise a shade less than $500 million … her primary targets are pension funds, fund-of-funds and a select group of high net-worth individuals and is looking at 50:50 domestic/international investments ratio,” the paper quoted an unidentified private equity investor as saying.

via Indian PE fund to raise about $500 mln – report| Industries| Financial Services| Reuters.

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4 Responses to “Renuka Ramnath raises multiples | Reuters PE”

  1. Renuka is a trailblazer in PE fund industry in India. It is sad to note that ICICI has not given her dues and instead of appointing her as the CMD of ICICI bank rather gave it to Chanda Kochhar who is no match to Renukas innovative ideas and result oriented approach.

    Renuka will definitely carry her rich and multifaceted experience to her new venture Multiples and her Midas touch will work wonders for investors backing her.

    Renuka we wish and sincerely hope that you Multiply investments and turn out be a India Warren Buffet


  2. Keen to invest in Renuka Ramnath’s PE Venture. Please send details.


  3. Wish to join hands with Renuka Ramnath’s PE Fund as an Investor and Investment Adviser. Shall be grateful if details/contacts are made available.


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  2. Another ICICI alumnus adds $500 million « A blog of blogs

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Lifestyle Infrastructure

One of our special themes at the Advantages weblogs has been our assertion that US, India, China and most of the rest of the world that is growing

is likely to do so on the basis of a consumption revolution. Below is out insight piece that opened the chapter on India's final coming out that was much awaited but wasn't really happening till 2009..

The Commonwealth Games Infrastructure Train

A few years ago, when the Indian women shot Gold in Commonwealth Hockey and our aim in general started consistently being medal grade, we won the bid for New Delhi to host the games in 2010. This business of infrastructure had been mystifying sportspersons for decades in India; none too easily supported by the overarching smell of rent and inadequate facilities for local sports persons historically.

Even today most sports would bow out in front of Cricket and that is not a full-fledged event at the CWG, though there is still a toss-up for the T20 version to be added. Like most other spheres of life, China has been doing it higher, faster and stronger, having already held the challenging Olympics in 2008 earning over $2b for Beijing, the host city.

The story is quite public and you must have all followed it at least since August 2009 when the first few fistcuffs were exchanged regarding the lack of preparations for the CWG event now just 6-7 months away. The Sports Minister and the Games Organising Committee Chair Suresh Kalmadi has variously ben painted and vilified while we look at the rejuvenated parts of Wembley in London and survive on facepaint and cheering the local IPL franchise in Cricket games. The painting of events apart we just thought it important for Sports and Tourist infrastructure worth $1.5 billion to be included in the India story at about this time.

This preamble would survive your taste buds and your snipping scissors in the mind and we�ll come back right after lunch is over for you..

And the Original piece..follow up article on our Lifestyle Economics stream

If you have been following the India story closely, India�fs new developments are focussed on Infrastructure and Retail along with giant leaps in the Entertainment business. You can look closely at the India stories athttp://advantages.us/inframils to get a flavor of what�fs happening in Indian Infrastructure

On the other hand Retail Lifestyle businesses are increasingly attracting investors�cRural Markets may grow at a faster pace at least on the Drawing board. �c Where is Investor access? Why is it still on the government to make it happen? The FDI limits and the others are fairly rational policies..but where are the investors?..

Nanos will roll into homes by July end and IPL teams are already applying for trademarks as it looks set to become the greatest sporting extravaganza in the world, already ranked at #2 behind the NFL season in the USA. The 3G challenge will tear at Telecom companies�f profits in the coming years�c

10-Year-Old Girl Scores Hole-In-One at US Kids Golf European Championship in Scotland
(The image is of a young indian golfer in Scotland)

BUT, Importantly, India caught on to serious lifestyle investments early in 2005, Today with the debut of Cox and Kings IPO..

Where it is now?

Towns like Jalandhar, Ludhiana in Punjab, Jaipur and Agra on the Golden Triangle and such state capitals, heritage and business towns like Ahmedabad, Surat and Nagpur present a unique opportunity for Indian hospitality business to scale up, esp as Indian railways, india�fs aviation footprint and the road infrastructure will follow in step with the boom. Note: The Indian Maharaja with TC, Maharajas Express with Cox & Kings, and the other two luxury trains have started first season bookings quite well and money is being spendt to add gym and pool to the Palace on wheels as well ( More here ) Golden Palace started from Bangalore is not doing so well apparently. The Maharajas Express for example is 84 persons at an average of $1000 per night for a 7 day- 8 night tour between Mumbai and Delhi

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