IDFC Alternatives, the alternative asset management unit of India’s IDFC, and emerging markets private equity firm Capital International have exited their holdings in Manipal Education and Medical Group International (MEMG), an Indian operator of educational institutions and hospitals. MEMG raised US$260 million in debt financing to buy back the shares held by the two firms. Capital International originally invested US$40 million in MEMG in 2006, with IDFC contributing US$30 million in the same round for a combined 12 percent equity stake.