India Business Excellence Fund V (IBEF V) funding, investors and company details

India Business Excellence Fund V (IBEF V) is an emerging Financial Services - Investments startup from Mumbai, working in the space of SEBI Category II Alternative Investment Fund (AIF). Founded by Motilal Oswal Alternates.

Company: Mo Alternate Investment Advisoprivate Limited
Sector: Financial Services - Investments
Location: Mumbai
Founders: Motilal Oswal Alternates

Company overview

Motilal Oswal Alternates launched its India Business Excellence Fund V (IBEF V) in April 2025, marking its largest private equity initiative to date. The fund is managed by the private equity arm of Motilal Oswal Financial Services and is focused on supporting mid-market Indian companies with strong fundamentals and high growth potential. IBEF V targets sectosuch as consumer, financial services, healthcare, niche manufacturing, and technology-led businesses, with typical investments ranging from USD 40–80 million. The fund has a target size of USD 950 million and secured a robust first close of approximately USD 800 million within months of its launch. Since its inception in 2007, the platform has made around 50 investments, completed 23 successful exits, and generated nearly USD 1 billion in liquidity. With a blend of capital, operational expertise, and active valueeation, the fund aims to deliver strong long-term returns while fueling India’s mid-market growth journey.

Funding rounds

Latest round (First close): $ 800.00 Mn (₹7,053.60 Cr.), 2025-08-22. Investors: International Finance Corporation (IFC), Adams Street Partners