According to reports, GVFL Ltd (formerly, Gujarat Venture Finance Ltd) will launch a new fund on Saturday. The ‘Golden Gujarat Growth Fund – I’ targets a corpus of Rs 1,000 crore and will invest in the energy sector, with special focus on renewable energy, it is learnt. Though not only in the energy sector – the fund managers also have in mind ‘ clean technology’, which includes energy storage, and advanced fuels’ as well as ‘industrial and urban infrastructure’.
GVFL is a two-decade-old company, over which period it has created six funds and liquidated three of them. It has made 75 investments and 57 exits.