Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
According to local reports, the Clove Route Fund follows Frontline's Strategic Ventures Fund and the India Industrial Growth Fund, the former of which experienced 23% IRR over nine exits while the latter...
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