Singapore-based PE-style investment firm, Nalanda Capital is about to raise $620 million for its new fund. This will take the total corpus raised by the firm to $1.5 billion. The firm has already registered with US market regulator Securities & Exchange Commission (SEC) to raise the capital for its third fund.
It raised its second fund worth $475 million in 2011 and received its first fund worth $400 million in 2007. Former Warburg Pincus India managing director Pulak Prasad's investment firm Nalanda Capital has built a large portfolio of India-based public-listed companies. Some of its investments include in the companies like Just Dial, Lovable Lingerie, ELGI Equipments, TTK Prestige, Triveni Engineering and others.
Early this year, it had raised its holding in Mumbai-based Just Dial to 7.58%. Nalanda Capital also made some part-exits at the end of 2015 from companies like Lovable Lingerie and Triveni Engineering.
Other PE firms including ChrysCapital and Westbridge Capital are also focused on investing in public-listed companies. ChrysCapital has closed first round of its seventh fund of $600 million in January this year and Westbridge Capital had secured $575 million more to invest in Indian companies, in October 2015.
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