Reliance Equity Advisors, a company incorporated in India and wholly owned by Reliance Capital Limited, will be the Investment Manager of the Reliance Alternative Investments Fund. The object and purpose of the Fund is to raise monies through Funds or Schemes to make portfolio investments.

A team with an extensive private equity and M&A background with considerable experience in transactions across diverse sectors is in place.

In current times of muted growth projections, private equity players are moving cautiously in choosing investments, especially since valuations and asset prices are beginning to conform to lower assessments. In such times investment selection hinges upon sectors best placed for the recovery and quality of management.

Conversely, in recent past there has been a positive change in the general investment sentiments in India, driven by significant improvement in the capital markets and a stable government outlook. This positive outlook has also percolated down to the PE asset class and it especially remains good in emerging markets vis-à-vis the mature markets. India is likely to be a preferred destination given the number of promising new opportunities here. Consequently the company has embarked on the domestic and international fundraising and looks forwards to have a first close in coming months.