Exhilway Global Opportunities Private Equity Fund Approaches Initial Close

NEW DELHI, May 27, 2014 /PRNewswire/ --

Exhilway, one of the most prevalent emerging markets private equity funds with key focus on India and Africa based buyout investment opportunities, is imminent to an initial close of US $200 million for its private equity fund called Exhilway Global Opportunities Fund I (EGO I). The fund will invest in the designated 37 companies from the differentiated business sectors to portion the risks of the investment.

The fund which has comprehended some technical snags in the last nine months is now impending a grand close. The fund will begin the course of monetizing investment commitments by the end of June and plans to accomplish investments in the portfolio companies by August this year. The fund has handpicked portfolio companies after examining business plans of over 2,000 entrepreneurs and spending over US $1.95 million in the unabridged process.

EGO I comforts investors of complete capital protection by way of unconditional corporate guarantee provided by Exhilway Global USA with global assets of more than US $1.5 billion along with an exclusive charge creation on the assets of the portfolio company's equivalent to the investment amount.

The fund will also offer 3% annual debt return, payable bi-annually to the investors. The fund being dollar denominated provides complete risk cover against plausible currency fluctuations. The tenure of the fund is kept at 7 years with elective two one year extensions. The fund will charge an annual management fee of 1% per annum. The fund will aim an annual internal rate of return (IRR) of 20%.

Exhilway will invest by means of hybrid instruments in the portfolio companies and will personally monitor the growth via several designated mentors and observers.

"Exhilway loves innovation backed by a strong executional team. The portfolio of EGO I is sturdy and has terrific value of spawning excellent returns for its investors," said Rahul Kumar, one of the principals of EGO I.

EGO I, a US-based fund with its special purpose investment vehicle (SPV) in Mauritius for non-US investors, is scheduling to raise US $1 billion by the end of this year. The fund is in the concluding stages of engaging private placement agents in US and Hong Kong.

EGO I is divided into two series namely Series A and B of US $250 million and US $750 million each.

EGO I (Series A) has fascinated numerous individual high net worth investors from the United States, Oman and Japan. EGO I is by far one of the most publicized emerging markets focused funds.

"EGO I is the world's first private equity fund with some implausible features like capital protection, minimum debt return and complete safety against United States Dollar to Indian Rupee vacillation," said Joy Ghosh, principal of EGO I.

The fund is bullish on unwavering government under the leadership of Narendra Modi. Exhilway has some bigger plans to invest US $5 billion in India in the sectors of infrastructure, manufacturing and hospitality.

Media Contact: David Jones, [email protected], +91-120-4804938, Exhilway Global