SBI Capital Markets launches new funds

IIPM PUBLICATION
SBI Capital Markets (SBI Caps), the investment banking arm of State Bank of India, has set up two venture funds in partnership with Japan’s Soft bank Investment, the venture capital division of Japan’s SBI holdings Inc. The VC fund will have a fund base of $100 million and will mainly focus on companies in the knowledge-based sectors like BPO, LPO, life sciences etc. The VC would be a 50-50 partnership and will provide a return of about 25%-30% internal rate of return. SBI Caps fund will start operations in September 2006 and is likely to make investments in the range of $5-10 million over a period of up to seven years.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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