India: 360 ONE Asset launches secondary fund with target to raise $480m

India: 360 ONE Asset launches secondary fund with target to raise $480m

Sameer Nath

360 ONE Asset Management, formerly known as IIFL Asset Management Ltd, has launched a Rs 4,000-crore ($480.2 million) secondary fund—a vehicle that acquires existing stakes in private equity or other investment funds from current investors seeking liquidity.

Edited by: Joymitra Rai