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TPG leads $100 mn funding round in Five Star Business Finance

The announcement comes a month after Five Star had received investment offers from two PE firms including TPG.
BY BEx Bureau
BusinessEx
Jul 31, 2018

Global alternative asset firm TPG has ivested $100 million (Rs 685 crore in non-bank lender Five Star Business Finance Ltd.

Alongside TPG Capital Asia, existing investors Norwest Venture Partners, an investment fund managed by Morgan Stanley and Sequoia Capital are also investing in the firm.

Five Stars first investor, Matrix Partners have showed consistency in the investment interests in the company, TPG said in a statement.

The announcement comes a month after Five Star had received investment offers from two PE firms including TPG.

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