Ajay Relan\’s CX Partners Achieves First Close of $220 Million
Tuesday, May 19, 2009 : PermalinkVC Circle – CX Partners, a new private equity firm promoted by former Citigroup Venture Capital International (CVCI) head Ajay Relan, has achieved the first close of $220 million for its maiden fund. The first close was made by the fund in March this year, Relan told VCCircle. The fund plans a final close of $500-600 million by September this year.
"The fundraising environment was tough six months ago, but now it is getting better," Relan told VCCircle. Indian stock markets have also been on a rally with Sensex rising from 8,160 points on March 9 to 14,284 points yesterday.
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ajay, circle cx, citigroup, fundraising, indian stock markets, nbsp, private equity firm, rally, relan, sensex, six months, venture capital international
