Global investor Canadian Pension Plan Investment Board (CPPIB) has proposed to join Bain Private Equity and Bain Credit in acquiring minority stake in IIFL Wealth Management Ltd, according to a disclosure.
Recently, VCCircle reported CPPIB’s plans to grow its India credit business through its ‘sponsor finance’ portfolio, by extending credit to private equity fund managers for their deals.
Last month, Bain Capital agreed to acquire 24.98% stake in IIFL Wealth Management Limited for Rs 3,680 crore ($485.6 million).
Read more: VC Circle
