Record Close: Motilal Oswal Alternates Secures ₹8,500 Crore for 5th Private Equity Fund

Motilal Oswal Alternates has announced the closure of its fifth private equity vehicle, the India Business Excellence Fund V, with total commitments of ₹8,500 crore, marking the largest raise in the firm’s history. 

Fund Closure Details and Investor Base 

The fund surpassed its initial target of ₹6,500 crore and hit the hard cap within ten months of its launch in April 2025.  

Commitments came from global investors such as Adams Street Partners, Schroders, Neuberger Berman, the International Finance Corporation, Oman Investment Authority and Axiom Asia, together with Japanese institutions, Indian banks, insurers and family offices. The sponsor and alternates team contributed roughly 10% of the corpus. 

Investment Strategy and Early Deployments 

IBEF V plans to write cheques ranging from $40 to $100 million into mid to late stage companies across consumer, financial services, niche manufacturing, healthcare and technology sectors.  

Approximately 20% of the capital has already been allocated to three investments, including the carbonated beverage brand Lahori Zeera, medical devices maker Sensacore and Vistaar Finance, a non‑banking finance company focused on secured lending. 

Read More: Cabinet Approves ₹1 Lakh Crore Urban Challenge Fund to Boost Market‑Led City Development! 

Track Record of Motilal Oswal Alternates 

The alternates platform, founded by Vishal Tulsyan and the Motilal Oswal group, manages about $3.3 billion across private equity, real estate and private credit.  

To date the private equity arm has completed 51 investments and 24 exits, generating roughly $1 billion in liquidity with a realised multiple of about 4X. 

Conclusion 

Motilal Oswal Alternates successfully closed its fifth private equity fund at ₹8,500 crore, attracting a diverse set of investors and beginning to deploy capital across several sectors. The fund’s early commitments reflect the firm’s continued focus on mid‑market Indian opportunities. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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