Fmr ArcelorMittal executive Sudhir Maheshwari-backed Synergy Capital raises $715-M at first close

Asia-focused, Dubai-headquartered alternative investment manager Synergy Capital , which is founded by former ArcelorMittal executive Sudhir Maheshwari, has raised USD 715 million in initial investor commitments for Synergy Capital Fund III LP. The fund is targeting a final close of over USD 1 Billion.With a focus on industrial and infrastructure assets, the fund will invest mainly in private credit solutions with selective private equity exposure giving downside protection and strong risk adjusted returns. The firm has a presence in Singapore and India.