After an extremely difficult 2009 where LPs tightened their purse strings following the global equity markets crash, fund raising climate improved significantly in 2010. On the one hand liquidity flooded Indian capital market through foreign institutional investors while on the other, private equity firms with strong India investment theme managed to hit targets more easily than before.
Read on to know more about the fund-raising trail, as per data sourced from VCCedge:- India Dedicated Funds Peepul Capital LLCPeepul Capital Fund III: $350 million Peepul Capital, a Chennai and Hyderabad based private equity firm, raised $350 million for its third fund going in for a single close. The fund raised commitments from institutional investors in the US and Europe. Founded in 2000, Peepul began its operations with a fund size of $110 million and raised its second fund of $214 million in 2005. Peepul Capital usually commits $15 million to $25 million of equity in each transaction, looking at both expansion-stage and restructuring/buyout opportunities. A significant portion of the latest fund may be deployed for buyout opportunities. It partnered with Europe
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