To achieve the target, Investcorp is set to launch a new private equity fund with a target corpus of $400 million in 2022. We have now invested in 12 companies in the private equity space in India and the pace of investments has increased during the pandemic. We’re looking forward to raising capital from India, starting next year," said Harsh Shethia, head of India business, Investcorp. The firm’s earlier private equity fund raised ₹1,000 crore. With its planned $400 million fund, the firm will also write larger cheques of $25-50 million.

Source: Mint November 18, 2021 08:19 UTC