WestBridge raises further $325m for India fund
WestBridge Capital has raised an additional $325 million from investors for its 2011 vintage WestBridge Crossover Fund, taking the corpus size to $850 million. The vehicle, which targets PIPE deals, is described as an evergreen fund without a specific investment cycle.
"The additional funds were raised entirely from our existing investor base of primarily university endowments and foundations," Sumir Chadha, the firm's co-founder and managing director, told The Times...
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