India Awards: Fundraising of the Year – Kedaara Capital
In India's challenging fundraising environment, GPs – especially first-time fund managers – should expect the marketing process to be difficult and protracted. In 2013, LPs committed just $2.2 billion to domestic managers, down from $2.4 billion the previous year. It is the lowest annual total since 2004.
But Kedaara Capital managed to reach a final close of $540 million on its debut fund, beating the $500 million target. In addition, the GP is waiting to close a rupee-denominated fund for local investors...
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