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Dezerv floats fund of funds for private credit market
Mint Mumbai
|February 12, 2024
Financial advisory and investment management platform Dezerv, which is backed by marquee investors such as Accel Partners, Matrix Partners, Elevation Capital, Whiteboard Capital and Blume Ventures, has set up a fund of funds, a top company executive told VCCircle.
The fund of funds will be for investments in private credit funds, said Sandeep Jethwani, co-founder, Dezerv.
Dezerv, which was founded in 2021 by Jethwani, Vaibhav Porwal and Sahil Contractor, is looking to raise an amount of ₹600 crore for the Dezerv Credit Fund.
"We will invest in VCCI around four to six private credit funds and the FoF cannot commit more than 25% to any fund at any point in time," Jethwani said.
This story is from the February 12, 2024 edition of Mint Mumbai.
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