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Affirma taps local limited partners

Financial Express Chennai

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February 16, 2026

INDIAN FUND MANAGERS are increasingly leaning on domestic institutions, family offices and high-net-worth individuals to anchor new funds, as global private equity (PE) fundraising remains under pressure due to weak exit-driven liquidity.

- AYANTI BERA

Singapore-based mid-market PE fund Affirma Capital, which is currently raising its second India-focused fund, is also tapping domestic limited partners (LPs) for the first time, said Udai Dhawan, founding partner and India head.

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