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Siguler Guff plans to raise $350-M second  Asia  fund

Mint  

Siguler Guff, a multi-strategy private markets investor with over USD 16 billion in assets under management, is to raise a USD 350 million Asia fund, which will back companies in India and Southeast Asia. The fund, along with its limited partners, will deploy USD 700 million in the region. The new fund will be targeting growth private equity opportunities of USD 25-100 million, and will focus on consumer, healthcare, tech, and financial services. In 2021, Siguler had raised a USD 240 million fund for Asia, of which around 50% flowed into India. Along with limited partners, it invested USD 460 million in India and China from the first fund. Since 2018, the fund has put to use USD 258 million in India, including co-investments. Its investments include value apparel retailer Bazaar Kolkata (USD 59 million), consumer electrical firm Luker (USD 24 million), Sterling Hospitals and Verse Innovation, which owns news aggregator service Dailyhunt (USD 90 million).