Kedaara eyes $300 mn continuation fund

If successful, Kedaara will join the likes of Multiples and ChrysCapital

- Priyamvada C

Kedaara Capital, which closed its largest fund at $1.7 billion in 2024, is in talks to raise a $200-300 million continuation fund to keep backing at least two of its trophy assets, according to three people close to the development.

"Lots of funds, including Kedaara, are adopting this vehicle to get some interim liquidity and return capital to their investors," said the first of the three people cited earlier, all of whom spoke on the condition of anonymity.

"The two to three assets that will be rolled into the continuation fund are still being discussed with incoming investors," said the second person.

The private equity (PE) firm did not immediately respond to Mint's request for a comment.

If it goes as planned, Kedaara will join the likes of Multiples Alternate Asset Management Pvt. Ltd and ChrysCapital, which closed continuation vehicles over the last year.