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Kolkata: The US-based Arena Investors LP and Singapore's Makara Capital Partners have shown interest to invest up to $250 million in Srei Equipment Finance, the Srei Group announced on Thursday. Srei Equipment is a wholly-owned subsidiary of
Srei's strategic coordination committee, headed by independent director Malay Mukherjee, will coordinate and negotiate with the PE investors to bring the capital. Ernst & Young will be advising the committee on the proposed fund raising.
Arena Investors LP is a multi-strategy investment firm with $2.2 billion of committed capital. It provides creative solutions for those seeking capital in special situations, Srei said. The firm's investment mandate is global, and also unconstrained in terms of asset class and industry.