Lighthouse Fund closes $200-mn fundraising round, total AUM at $500 mn

The India-focused PE firm will use the fund to write cheques of $25 million and below for investees

India-focused private equity player Lighthouse Fund, just closed its third fundraising round, taking total assets under management to under $500 million dollars, said co-founder Mukund Krishnaswami.

The third fund will close at around $200 million, of which $80 million closed in a preliminary round in October last year. For Lighthouse, investment has in general been dedicated to small consumer-driven plays, or what Krishnaswami calls "Roti, Kapda aur Makaan".

The fund, which has so far been supporting consumer goods companies like Kama Ayurveda, Bikaji, Cera, Wow! Momo, Indian Herbs and FabIndia, will use the money raised in the latest round to