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Tata group to consolidate private equity business

August 12, 2021

Tata group to consolidate private equity business

The Tata group is purportedly realigning its private equity business and is consolidating all its future limited partner responsibilities under a separate entity, even as it is closing its flagship Tata Opportunities Fund, the Economic Times reported.

The publication citing to a chief near the management referenced in the report that current investors or limited partners in the asset are relied upon to get their cash back before the end of 2022, either by selling shares in the organizations or through initial public offering. “A portion of the investments have done incredibly well,” the leader said.

The salt-to-software group’s financial and investment services unit, Tata Capital, said private value would stay a focus region for it and it has chosen to proceed with two other funds Tata Capital Growth Fund and Tata Capital Healthcare Fund.

Worth focusing on here is that the opportunity fund’s current term will end in March 2022 and it can additionally be stretched out by one more year, a Tata Sons representative told the financial daily adding: “The fund management team is committed towards accomplishing optimal and timely exists from its investments before the end of asset life.”

Investors into Tata’s asset incorporate Temasek Holdings, Mitsubishi Corp, Mizuho Corporate Bank; Korea Investment Corp, the Bahwan Group, BDT Capital and large university endowments from the US.

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