*Canada Pension Plan* is investing $100 Mn in the PE firm – *Multiple Alternate Asset Management*.
Multiple Alternate Asset Management is a PE Firm established by *Renuka Ramnath and Sudir Variyar*. Sudhir Variyar was with ICICI Venture, leading the financial services and energy sector investments. Multiples will make sector agnostic investments in India. Renuka Ramnath is expecting to raise about $350 Mn by the end of March'10 with CPP as the anchor investor. Renuka Ramnath has been the MD & CEO of *ICICI Venture* from 2001 to 2009. Under her leadership, ICICI Venture raised India Advantage Fund Series 2, a growth capital and buyout fund with a corpus of $810 Mn which is currently India's largest PE fund. In 2005, ICICI raised a $550 Mn real estate investment fund (REIT), one of India's largest REITs. Other senior executives of the Indian PE industry who have gone to set up their funds include *Ajay Relan* – former head of Citigroup Venture Capital International – set up his own fund CX partners which recently achieved first close of $220 Mn. *Vivek Paul* – former vice-chairman of Wipro – has formed his own PE firm Akansa Capital and is raising a $400 Mn PE fund. *Harsha Raghavan*, former MD of Candover India and Subbu Subramanium, former partner of Baring PE Partners India are also setting up their own PE Funds. The Canadian Pension fund had $123.9 Bn AUM as on 31st Dec’09 and has committed $33 Bn to PE fund investments out of which $18 Bn has already been invested. It has Private Equity portfolio of more than 140 funds with more than 70 managers. It has made investments in other PE funds including Carlyle, Blackstone, Goldman Sachs, JP Morgan and KKR. Reference: *Financial Express*<http://www.financialexpress.com/news/canada-pension-set-to-pump-100-m-into-ramnath-fund/591122/0> -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
