Growth and late-stage minority private equity fund research profile
India Business Excellence Fund V is Motilal Oswal Alternates’ fifth private-equity fund, focused on growth and late-stage businesses with established operating models. Public evidence specifically identifies investments in Lahori Zeera, SensaCore and Vistaar Finance, while the complete vehicle portfolio remains undisclosed.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Motilal Oswal India Business Excellence Fund V uses a growth and late-stage minority private equity approach across Consumer, financial services, healthcare, niche manufacturing.
Current evidence
Motilal Oswal Alternates announced the final close of India Business Excellence Fund V at INR 8,500 crore on 16 February 2026 and named three recent investments.
Strategy
Growth and late-stage minority private equity
Sector focus
Consumer, financial services, healthcare, niche manufacturing
AIF structure context
Indian private equity, growth, buyout and many real-asset strategies are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Motilal Oswal Alternates announced the final close of India Business Excellence Fund V at INR 8,500 crore on 16 February 2026 and named three recent investments.
Investor questions
Motilal Oswal India Business Excellence Fund V is covered in Rupeia's private equity research universe. The current public record describes the strategy as Growth and late-stage minority private equity, with a sector focus of Consumer, financial services, healthcare, niche manufacturing. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Motilal Oswal India Business Excellence Fund V in the reviewed public sources: Lahori Zeera; SensaCore; Vistaar Finance. It does not represent a complete current portfolio unless the manager has published one.
The final-close announcement reports 51 investments, 24 successful exits, approximately USD 1 billion of liquidity and approximately 4x realised MOIC for the manager’s private-equity track record; Fund V-specific realised returns are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: INR 8,500 crore hard cap, announced February 2026.. Public terms or access information: Growth capital and minority or control investments in mid- to late-stage Indian businesses; detailed fees, carry, ownership targets and fund tenor are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Rohit Mantri (Managing Director and Co-Head, Private Equity); Vijay Dhanuka (Managing Director and Co-Head, Private Equity). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review entry valuation, leverage, governance rights, concentration, execution of the value-creation plan and exit timing. The current open diligence point is: The manager does not publish a complete Fund V portfolio schedule, vehicle-level fees/carry or net returns. The three names shown are limited to investments specifically identified in the Fund V close announcement and corroborating company/adviser records..
2026-02-16: Motilal Oswal Alternates announced the final close of India Business Excellence Fund V at INR 8,500 crore on 16 February 2026 and named three recent investments.
Next step
Share the allocation question, ticket size, liquidity constraints and existing exposure. Rupeia can determine whether this profile needs a deeper decision-support brief.