Private Equity

Fund News

Oaks nets Rs.1,000-Cr in first close of second fund

Economic Times  

Consumer sector-focused mid-market private equity fund Oaks Asset Management has raised INR 1,000 crore towards the first close of its second fund. Indian family offices and ultra-high networth individuals contributed towards the capital. The final close of the new fund is expected by the end of next month. The firm had launched its second private equity fund last year aiming to invest in consumer startups and mid-size companies in India. From the new fund, the company will look to back 10-12 founders demonstrating revenues and growth in large target markets.