Private equity platform Xponentia raises Rs 1,000 crore in new fund

Private equity platform Xponentia on Tuesday said it has raised Rs 1,000 crore in its second fund, almost entirely from domestic investors. The platform will be investing the funds in companies across sectors such as consumer, healthcare, financial services, and business services, according to statement. It had set out with a target to raise Rs 750 crore, and the same has been oversubscribed and exceeded, the statement said. Apart from investors in the first fund, new investors, including High Networth Individuals (HNIs), family offices and insurance companies and the 'fund of funds' programme managed by Small Industries Development Bank of India (SIDBI) have invested or have committed money in the second fund. The platform's managing partner Devinjit Singh said that a conviction about Indian institutions and family offices being under invested in alternative assets led him to leave Carlyle in 2018 and launch the platform. "Investor appetite for the asset class has increased faste

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