The Rise Fund Injects $50M Into Indian Dairy Products Co. – Law360 (subscription)

Law360, New York (May 4, 2017, 4:24 PM EDT) — South Indian fresh dairy product supplier Dodla Dairy Ltd. has received a $50 million capital injection from an affiliate of private equity giant TPG Capital called The Rise Fund, the companies said on Thursday.

The investment is subject to regulatory approval, according to a statement. It marks the first food and agriculture investment made by The Rise Fund, and is also the fund’s first investment in India.

The Rise Fund is an investment vehicle created by TPG Growth founder and managing partner Bill McGlashan; U2 lead…

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