The Oman India Joint Investment Fund (OIJIF) has achieved the first close of $100 million for its third private equity fund, signaling sustained investor interest in India’s mid-market investment opportunities.
Key Highlights
- Oman India Joint Investment Fund achieves $100 million first close for its third private equity fund.
- Fund backed by Oman Investment Authority and State Bank of India targets $250–300 million final corpus.
The fund, backed by the Oman Investment Authority and State Bank of India, is targeting a final corpus of around $250 million to $300 million over the coming year, according reports.
The fundraising comes at a time when global private equity activity has slowed due to geopolitical tensions and tighter exit conditions. Despite these challenges, investors remain optimistic about India’s growth potential, particularly in the mid-market segment, which continues to attract cross-border capital.
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OIJIF focuses on growth-stage investments in Indian companies across sectors such as financial services, consumer goods, healthcare, and manufacturing. The platform has historically targeted mid-sized firms that demonstrate strong growth potential and scalable business models.
The third fund builds on the performance of the earlier two vehicles. The first Oman-India joint investment fund, launched in 2011 with $100 million, and the second fund launched later with a larger corpus, both invested in several Indian companies and delivered returns through successful exits.
Industry observers say the latest fundraising reflects continued confidence among international investors in India’s economic outlook and the expanding opportunities for private equity investments in the country.
