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InvAscent's 4th India health PE fund to push AUM towards $1 bn
Mint Mumbai
|July 11, 2023
Healthcare-focused private equity firm InvAscent has launched its fourth fund that could push its assets under management (AUM) close to the $1-billion mark, three people aware of the development said.
The PE firm, which has backed companies such as General Diagnostics, Gland Pharma, Dr Agarwal's Health Care and Neuland Labs in the past, is looking to raise between $300 million and $400 million for its new fund. The fund is close to announcing its first close, the people said on the condition of anonymity.
The PE firm had raised $250 million for its third fund, which hit the final close in 2019. Its second fund, India Life Sciences Fund-II, raised ₹875 crore ($146 million at the time) in September 2014.
Cette histoire est tirée de l'édition July 11, 2023 de Mint Mumbai.
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