Investments
34Portfolio Exits
2Funds
10
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Latest IIFL Asset Management News
Jun 30, 2023
Karan Bhagat, founder and CEO, 360 ONE Bain Capital-backed 360 ONE Asset Management Ltd (formerly known as IIFL Asset Management Ltd) on Friday said it has picked up a minority equity stake in NeoLiv, a residential real estate investment platform. The development comes as the real estate platform has received approval from the Securities and Exchange Board of India (SEBI) to raise its maiden investment vehicle. The Category-II alternative investment fund (AIF) aims to raise about $150 million and has a green shoe option of $60 million. While the size and value of 360 ONE ’s stake was undisclosed, the real estate platform plans to utilize the proceeds to set up investment, corporate governance and execution processes, and hire people. Advertisement This is the second acquisition of an investment platform within eight months by 360 ONE, led by founder and CEO Karan Bhagat. In November last year, it had bought a 91% stake in angel investment platform Mumbai Angels. NeoLiv was floated by Mohit Malhotra, the former managing director and CEO of Mumbai-listed Godrej Properties , this January. The platform aims to invest in middle-income housing in the Delhi NCR and Mumbai MMR markets through its investment vehicle. The Mumbai-based platform also has a development arm. According to property consultancy firm ANAROCK Capital, mid-segment homes priced between Rs 40 lakh and Rs 80 lakh dominated new supply with a 31% share, followed by premium segment homes, in the Rs 80 lakh to Rs 1.5 crore range, and luxury segment homes priced above Rs 1.5 crore, with 27% and 23% share, respectively. Advertisement Among other developments in the residential real estate market, Sundaram Alternate Assets Ltd, a subsidiary of Sundaram Asset Management Company Ltd, this week launched its fourth real estate-focused private credit fund, with a target to raise about Rs 1,500 crore (about $183 million), including a green shoe option of Rs 750 crore.
IIFL Asset Management Investments
34 Investments
IIFL Asset Management has made 34 investments. Their latest investment was in Data Sutram as part of their Seed VC - II on September 9, 2023.
IIFL Asset Management Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/26/2023 | Seed VC - II | Data Sutram | $3M | No | Bharat Fund, IIFL Asset Management, Singularity Growth Opportunities Fund, Undisclosed Investors, White Venture Capital, and Yatra Angel Network | 1 |
5/24/2023 | Series D - II | Hopscotch | $20M | Yes | Amazon, Eduardo Saverin, IIFL Asset Management, LionRock Capital, RPG Ventures, Techpro Ventures, and Undisclosed Investors | 3 |
3/9/2023 | PIPE - III | Kauvery Hospital | $70M | Yes | 3 | |
8/9/2022 | Series D | |||||
7/6/2022 | Seed VC |
Date | 9/26/2023 | 5/24/2023 | 3/9/2023 | 8/9/2022 | 7/6/2022 |
|---|---|---|---|---|---|
Round | Seed VC - II | Series D - II | PIPE - III | Series D | Seed VC |
Company | Data Sutram | Hopscotch | Kauvery Hospital | ||
Amount | $3M | $20M | $70M | ||
New? | No | Yes | Yes | ||
Co-Investors | Bharat Fund, IIFL Asset Management, Singularity Growth Opportunities Fund, Undisclosed Investors, White Venture Capital, and Yatra Angel Network | Amazon, Eduardo Saverin, IIFL Asset Management, LionRock Capital, RPG Ventures, Techpro Ventures, and Undisclosed Investors | |||
Sources | 1 | 3 | 3 |
IIFL Asset Management Portfolio Exits
2 Portfolio Exits
IIFL Asset Management has 2 portfolio exits. Their latest portfolio exit was Ustraa on June 09, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/9/2023 | Acquired | 3 | |||
Date | 6/9/2023 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
IIFL Asset Management Acquisitions
1 Acquisition
IIFL Asset Management acquired 1 company. Their latest acquisition was TrueScale Capital on January 12, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
1/12/2023 | Acquired | 2 |
Date | 1/12/2023 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 2 |
IIFL Asset Management Fund History
10 Fund Histories
IIFL Asset Management has 10 funds, including IIFL Special Opportunities Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
7/18/2017 | IIFL Special Opportunities Fund II | Expansions & Growth | Open | $216.68M | 1 |
11/23/2015 | IIFL Seed Ventures Fund I | Fund Of Funds | Closed | 1 | |
1/25/2012 | IIFL Real Estate Fund (Domestic) Series I | REAL Estate | Closed | $93.82M | 1 |
IIFL Private Equity Fund | |||||
IIFL Real Estate Fund (Domestic) Series II |
Closing Date | 7/18/2017 | 11/23/2015 | 1/25/2012 | ||
|---|---|---|---|---|---|
Fund | IIFL Special Opportunities Fund II | IIFL Seed Ventures Fund I | IIFL Real Estate Fund (Domestic) Series I | IIFL Private Equity Fund | IIFL Real Estate Fund (Domestic) Series II |
Fund Type | Expansions & Growth | Fund Of Funds | REAL Estate | ||
Status | Open | Closed | Closed | ||
Amount | $216.68M | $93.82M | |||
Sources | 1 | 1 | 1 |
IIFL Asset Management Team
4 Team Members
IIFL Asset Management has 4 team members, including current Chief Executive Officer, Chief Information Officer, Anup Maheshwari.
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