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Multiples eyes $400 mn for continuation fund
Mint Chennai
|January 21, 2025
The PE firm seeks to raise the money to remain invested in 3 portfolio cos
Private equity firm Multiples is looking to launch a $300-400 million continuation fund to remain invested in three of its portfolio companies, three people familiar with the matter told Mint.
"The assets include Vastu Housing Finance, APAC Financial Services Pvt Ltd and Quantiphi," one of the people cited above said, all of whom spoke on the condition of anonymity. "The fund is expected to roll out in the coming month and the firm wants to continue backing some of these assets," the person added.
Mint first reported about Multiples exploring a continuity vehicle in May last year.
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