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India’s Top Asset Manager Said to Plan $200 Million Tech Fund

Private Markets & VentureTechnology & InnovationFintech

SBI Funds Management plans to launch its first technology-focused private-firm fund, targeting growth in India’s fast-expanding alternative investment fund industry. The move follows peers that are increasing allocations to tech-related private capital, which is likely to be modestly positive for the firm’s positioning though details like size and fees were not provided.

Analysis

SBI Funds Management plans to launch its first technology-focused private-firm fund, targeting growth in India’s fast-expanding alternative investment fund industry. The move follows peers that are increasing allocations to tech-related private capital, which is likely to be modestly positive for the firm’s positioning though details like size and fees were not provided.

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