PE firm SeaLink announces final closure of $315 million debut fund

Fund says it has exceeded initial target of $250 mn, will invest in healthcare, IT, financial services among other sectors

Private Equity firm SeaLink Capital Partners (SCP), founded by former KKR executive Heramb R Hajarnavis, has announced final closure of its debut fund at $315 million (Rs 20.4 billion).

SeaLink said the fund, floated by Hajarnavis in late 2014, has exceeded its initial target of $250 million. It will be targeting mid-sized companies with strong growth potential, competitive positioning and exceptional entrepreneurs and Management teams.

The fund will make value-oriented, long-term investments in growth segments within the healthcare, information technology, financial services, business services, consumer Products and niche manufacturing sectors, SeaLink said.

The target investment size is $15-50