PE firm Kedaara Capital has raised around $290-325 Mn towards the first close of the $500 Mn maiden fund, ET stated.
Adding to that, it also states that the fund got commitments from a dozen overseas investors.
Kedaara Capital, founded in 2011, was formed in partnership with Clayton Dubilier & Rice LLC. It specializes in making investments in carve-outs or spin-offs of businesses and conglomerates.
Among its target sectors include consumer, financial and business services, pharma, healthcare, agriculture and resources to name a few.
It categorizes its investment objective into two with corporate divestitures, as mentioned above and emerging leaders.
Manish Kejriwal is the managing partner and he earlier worked with Temasek Holdings, during which he found Temasek’s India office in 2004. He is co-partnered by Sunish Sharma, who was earlier with General Atlantic.
Manish recently participated in a round of investment in Sasha Mirchandani led KAE Capital in March.
Among other PE players, Fulcrum Ventures was planning to float third party R120 Cr PE fund for investing in growth capital in companies.
Kalaari Capital closed its $150 Mn fund, Kalaari Capital Partners II, LLC last month. The fund is focused on investing in early stage companies across sectors such as software products & services, e-commerce, mobile & telecom services, education, healthcare, media, cleantech etc.
The PE deal activity slumped to $3.6 Bn in H1 2012, according to a E&Y report. This was down 39% from $5.9 Bn recorded in H1 2011.
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5276
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42
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2100
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179
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33335 |
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