IIFL's new fund collects $250m in 3 months
India Infoline's (IIFL) Special Opportunities Fund has garnered commitment of approximately $250 million within just three months of its launch.
The fund was launched in February 2017 to generate long-term capital appreciation through investment in equity and equity related instruments of to-be listed companies.
IIFL Special Opportunities Fund is a close ended scheme under Category II Alternative Investment Fund. The fund, by raising a commitment amount of $250 million within just three months of launch, makes it one of the largest collection from an AIF fund so far. Following the success of the first Series, the company has plans to launch IIFL Special Opportunities Fund - Series 2, IIFL said.