Sage Capital Fund Management, an Indian private equity firm, today announced that it plans to raise USD 200 million for Sage Capital Value Fund.

The fund will focus on special situations such as tactical acquisitions of businesses / assets with the potential to unlock exceptional value, historic unproductive capital expenditure, uncontrolled costs, unresolved succession issues or corporate restructuring. The fund will also be investing in companies that will have strong cash flows and possess significant growth prospects.

Meanwhile, the company has also roped in India’s leading Bank, State Bank of India. State Bank of India is acquiring 19.75 per cent stake in Sage Capital Fund Management.

Speaking on the occasion Mr Manish Kanchan, founder and Managing Director, Sage Capital Fund Management, said, “Sage Capital Value Fund has been created to capture the benefits of India’s macro economic environment and has received a positive response from institutional investors. We are delighted and proud to have India’s most respected and oldest established financial institution as our shareholder. We expect to leverage multiple synergies to create wealth for our investors”.

Sage Capital Fund Management has a strong team with rich experience and education background which will be leveraged in not only raising funds but adding immense value to the funds deployed.”

Sage Capital till date has made three investments across sectors i.e. Inlogistics (container, freight and logistics), Hira Co (jewelery) and Dev developers (real estate and constructions)

Sourced From: Adfactors Public Relations Pvt Ltd

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