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Gaja Capital to raise $400 mn for new fund, IFC planning to commit $25 mn

The fund is domiciled in India and will look to make equity investments in India

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The fund will continue to replicate the strategy of its predecessors along with a high-touch engagement model.

T E Narasimhan Chennai
Gaja Capital is planning to raise $400 million for its new fund, which will target mid-size companies in the education, healthcare and other areas. International Finance Corporation (IFC) is planning to commit around $25 million equity in the new fund.

The fund is targeting $400 million in commitments to invest in 12-15 mid-sized companies, with enterprise value of upto $150 million, in the education, healthcare, financial services, consumer and SaaS sectors.