ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/l-catterton” target=”_blank”>L Catterton, a ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/private-equity” target=”_blank”>private equity firm backed by LVMH, the world’s largest luxury goods conglomerate, is raising $600 million for its debut ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/india-focused-fund” target=”_blank”>India-focused fund, according to a disclosure by the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/international-finance-corporation” target=”_blank”>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 ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/investment-vehicle” target=”_blank”>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…
