Mumbai-based private equity fund Kaizen Management Advisors announced that it will invest $150 million in the education projects in India and South East Asia reports the Economic Times.
$75 million are going to be invested in the Indian education technology sector, the other $75 million in education projects in Singapore, Sri Lanka, Myanmar and the Philippines as Kaizen aims to expand into South East Asian markets through its second fund.
Kaizen plans to make investments through the new fund between 2015 and 2019. Over the next five months the private equity fund will also be investing the remaining $10 to 12 million from its first $70 million fund which was raised in 2012. The funding came from IFC, Swiss Fund for Emerging Markets, HDFC India, UBS Fund of Funds and Bertelsmann.
To date $55 million have been invested in seven school-related project according to Sandeep Aneja, founder and managing director of Kaizen.
Further Reading
Kaizen to invest $75 million in Indian education sector | Economic Times