Private equity firm L Catterton to raise $600 million for its first India-dedicated fund

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L Catterton, a private equity firm backed by LVMH, the world’s largest luxury goods conglomerate, is raising $600 million for its debut India-focused fund, according to a disclosure by the International Finance Corporation (IFC), the World Bank Group’s private sector investment arm. This may mark the first time a global private equity firm is launching an investment vehicle dedicated to India.

As per the disclosure, IFC will invest $30 million in the L Catterton India Fund-I with an additional co-investment amount of $30 million.

In March last…



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Private equity firm L Catterton to raise $600 million for its first India-dedicated fund


L Catterton, a private equity firm backed by LVMH, the world’s largest luxury goods conglomerate, is raising $600 million for its debut India-focused fund, according to a disclosure by the International Finance Corporation (IFC), the World Bank Group’s private sector investment arm. This may mark the first time a global private equity firm is launching an investment vehicle dedicated to India.

As per the disclosure, IFC will invest $30 million in the L Catterton India Fund-I with an additional co-investment amount of $30 million.

In March last…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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