L Capital Asia, the India and China-focused private equity arm of luxury products conglomerate LVMH group, is launched in India, said a release from the fund.
The fund has a size is $640 million and "it will make investments in local companies in the two markets, which have innovative brands and concepts that respond to aspirations of consumers in China, India, South East asia and the Middle East", the release said.
The fund will make investments in lifestyle retail, lifestyle food and beverage, beauty and wellness, boutique hospitality, media and entertainment and private education.
According to media reports, L Capital is looking at buying stakes in lifestyle retail company Genesis Colors and Gitanjali Gems.
