TVS Capital has announced the first close of third fund in Oct 2018.PE firm’s third fund portfolio includes LEAP India and Suryoday.
- The fund has targeted a corpus of INR 1,000 Cr
- TVS Capital has announced the first close of third fund in Oct 2018
- PE firm’s third fund portfolio includes LEAP India and Suryoday
Chennai-based growth private equity firm TVS Capital Funds has announced the second close of its third fund —TVS Shriram Growth Fund III at INR 1,100 Cr. The fund has targeted a corpus of INR 1,000 Cr with an INR 500 Cr green-shoe option of which INR 100 Cr has already been subscribed and INR 150 Cr remains in the pipeline. The final close of this fund is expected to happen in March 2020.
TVS Capital Funds is the growth private equity arm of the TVS Group and is sponsored jointly by Shriram Group and TVS group.