Fund News
Samara Capital to wind down 11-yr old second; return funds to investors
Private Equity firm Samara Capital plans to wind down its 11-year-old second fund over the next three months and will fully return the proceeds from its exits to its limited partners. The second fund has already exited nine out of 10 investments and expects to return the balance amount by September. The fund has clocked a 3.5x gross multiple on invested capital, with a 25% internal rate of return.Samara had raised upwards of USD 300 million in 2014 for its second fund. Exits from the second fund include the sale of Spoton Logistics to Delhivery; stake sale in AIG Hospital to Quadria Capital; sale of Lotus Surgicals to Tube Investments and Premji Invest; and stake sale in Oaknet Healthcare toEris Lifesciences. It also offloaded stakes in medical devices firm Sahajanand Medical Technologies Ltd (SMT), staffing firm First Meridian Business Services Pvt. Ltd and biryani restaurant Paradise Food Court Pvt. Ltd through a USD 150 million continuation fund led by TR Capital in 2023.
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