India’s Lighthouse makes $60m first close on Fund II, eyes early 2014 completion
Lighthouse Funds has reached a first close of approximately $60 million on its second India-focused fund. The GP is now targeting a final close of $125 million in the first quarter of 2014, but as a source familiar with situation told AVCJ, economic and political uncertainty loom large in an already challenging fundraising environment.
Lighthouse's LP base is evolving from its first fund - a 2008 vintage vehicle that received $100 million in commitments - with more interest from larger institutions. The GP has already secured $25 million...
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