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Mid-market remains under-served by mainstream PE: Siddharth Parekh

LPs looking for fund managers with differential skill-sets

Sumeet Nindrajog and Siddharth Parekh
Sumeet Nindrajog and Siddharth Parekh

Earlier this week, Paragon Partners announced the final close of their maiden fund at $120 million. Siddharth Parekh, HDFC Chairman Deepak Parekh’s younger son and co-founder Sumeet Nindrajog share their fund-raising experience with Ranju Sarkar.   How significant is this milestone for you? What will be the investment and exit period? We are very excited to achieve the final closing milestone. The investment period for the fund is four years from our 1st close, i.e., January 2020, and the fund term ends in January 2024.   How is the fund-raising scenario? What are LPs ...