“We have so far invested $55 million in seven school-related developments,” Aneja recently said after hosting a one-day symposium attended by investors and school managers from Asia Pacific in Singapore.
Another $10 to 12 million from the remainder of $70 million first fund will be placed within the next five months.
All of the investment would be for the Indian educational sector, especially in technology-oriented projects.
Kaizen raised its first fund for equity investment from IFC, Swiss Fund for Emerging Markets, HDFC India, UBS Fund of Funds and Bartelsmann.
Aneja said his second round of fund raising would increase the number of equity investors including ADB and CDC, formerly called Commonwealth Development Corp, of the United Kingdom.