Private equity (PE) firm Kedaara Capital Advisors Ltd, co-founded by PE veteran Manish Kejriwal, is gearing up to float its second fund to raise around $600-650 million, two people familiar with the matter said. Ltd, Sunish Sharma and Nishant Sharma, who were managing director and principal, respectively, of global PE firm General Atlantic in India. Canadian pension fund Ontario Teachers Pension Plan anchored the vehicle and was joined by other sovereign wealth funds, pension funds, family offices, fund of funds and endowments. According to data from Venture Intelligence, so far in 2016, PE funds have registered exits worth $6.7 billion, while in 2015, PE funds recorded exits worth $9.4 billion. Kedaara positions itself as an operationally oriented PE firm pursuing control and minority investment opportunities in India.

Source: Mint November 08, 2016 19:38 UTC