News > Bain Capital to acquire nearly 25% stake in IIFL Wealth

Bain Capital to acquire nearly 25% stake in IIFL Wealth

31/03/2022 09:21 AM | Click to read full article

Bain Capital, a leading global private multi-asset alternative investment firm on March 31 announced that it has agreed to acquire a 24.98 per cent equity stake in IIFL Wealth Management. As of December 31, 2021, IIFL Wealth's assets under management stood at ~$44 billion.

It was founded by first-generation entrepreneurs, Karan Bhagat, MD & CEO, IIFL Wealth and Yatin Shah, Joint-CEO, IIFL Wealth, in 2008.

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