India, June 16 -- IFC signed an agreement to invest in Motilal Oswal Alternates' fifth vintage fund to help mid-market companies in India expand, adopt advanced technology, and create jobs in sectors such as consumer, financial services, life sciences, and manufacturing.IFC is making a $60 million equity investment in India Business Excellence Fund V G, which is managed by MO Alternates, the private investment arm of financial services conglomerate Motilal Oswal Financial Services Ltd. IFC's investment in the fund will be made along with an additional $60 million co-investment envelope that will allow IFC to selectively invest alongside the fund in future deals.The fund, with a target size of $750 million (with an additional green-shoe opti...