India's Kedaara Capital says raises $540 mln in maiden fund

Newswire

MUMBAI, Nov 8 (Reuters) - India's Kedaara Capital, co-founded by a former India head of Singapore sovereign fund Temasek Holdings, has raised $540 million for its maiden fund, it said on Friday, at a time when first-time funds in Asia are struggling to raise capital. Kedaara is likely to add another $50 million to the fund from local investors, the former Temasek executive Manish Kejriwal told Reuters. The private-equity firm was looking to raise about ...

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