MOA was founded in 2006 to put the investment philosophy and acumen of MOFSL into action. From the outset, MOA’s focus has been the mid-market segment, where there was an acute need of capital, and where the MOFSL brand had significant leverage.

CORE PRINCIPLES

What we look for in companies before investing is only an extension of our own value system. Therefore, what follows are the essential principles that guide our own organisation and investment strategy.

1. Entrepreneurship

MOA strives to partner with entrepreneurial talents across sectors. We look for highly passionate, visionary, tenacious and committed entrepreneurs who have built excellent businesses. We consider ourselves as a fund for entrepreneurs by entrepreneurs. Our entrepreneurial approach is what differentiates us and an ability to work with Indian sensibilities allows us to connect with business leaders and build deep, enduring relationships with them. We seek to be a true valuable partner to the entrepreneurs we back.

2. Business Excellence

MOA looks for businesses that have traits of excellence, have leadership potential, ability to scale up and are of high quality. We believe that management foresight, tenacity and quality of business operations, not intermittently but consistently form the foundations of business excellence. We endeavor to partner with excellent management teams and work with them to further enhance their companies.

3. Transparency and integrity

We continue to be guided by our core values of integrity and transparency in our investment process. We also maintain these values in the investments we make. We look for businesses and management teams with high level of transparency and integrity. These principles find relevance and application.

OUR BUSINESSES

Growth Capital

MOA looks to invest in established mid-market businesses with strong growth characteristics, clear and mature business model and a leading market position. The private equity team has investing experience across sectors and over multiple economic cycles with an established track-record of successful exits. MOA focuses on investments in consumer, financial services, life sciences and niche manufacturing sector but remain sector agnostic for relevant opportunities.

1. India Business Excellence Fund (IBEF)

Raised in 2007 Rs. 550 Crores private equity fund exited all its investments and delivered a portfolio IRR of 26.8%.

2. India Business Excellence Fund II (IBEF - II)

Raised in 2012 ~Rs. 1,000 Crores private equity fund fully invested across 11 companies.

3. India Business Excellence Fund III (IBEF - III)

Raised in 2018 Rs.2,300 Crores private equity fund, has fully invested across 12 investments.

4. India Business Excellence Fund IV (IBEF - IV)

Raised in 2022 Rs. 4,500 Crores private equity fund, currently in deployment phase with investment in 9 companies till date.

Real Estate

Motilal Oswal Alternates - Real Estate, through its funds partners with credible and reputed developers across Indias major cities, such as Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad & Ahmedabad. The primary focus is investing in mid-income residential projects of these developers. MOA has expertise across all investment structures (equity, structured equity, mezzanine debt, senior debt) and across all asset classes (residential, commercial and retail). A sound and robust investment strategy, along with hands-on approach of asset management has helped deliver consistent and superior performance to investors over the years.

1. India Realty Excellence Fund (IREF)

Rs. 164 Crore domestic real estate fund focused on investing in residential projects.

2. India Realty Excellence Fund II (IREF - II)

Rs. 489 Crore domestic real estate fund intends to capitalise on the existing counter-cyclical opportunities in real estate.

3. India Realty Excellence Fund III (IREF - III)

Rs. 1,031 Crore domestic real estate fund intends to capitalise on the existing counter-cyclical opportunities in real estate.

4. India Realty Excellence Fund IV (IREF - IV)

Rs. 1,148 Crore domestic real estate fund primarily focused on investing in top 7 cities in India through early stage mezzanine / structured equity transactions.

5. India Realty Excellence Fund V (IREF - V)

Rs. 800 Crore domestic real estate fund primarily focused on investing in post approval projects in the top 7 cities in India through senior secured lending.

6. India Realty Excellence Fund V (IREF - VI)

Rs. 2,000 Crore domestic real estate fund primarily focused on investing, currently successfully received first close of Rs. 1,250 Crores of IREF VI.