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TCF closes extended fund raising of largest rupee-only capital fund

The sweet spot for the third fund would be around Rs 125-150 crore as compared to around Rs 60-65 crore in the previous fund

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TVS Capital said that it would now start raising Fund 4 in end 2022, which could be around $500 million.

T E Narasimhan Chennai
TVS Capital Funds (TCF) has closed a third and rupee-only capital fund. The company is backed by domestic investors, family offices, HNIs including tech veterans and insurance companies, with total Assets Under Management (AUM) of Rs 2,000 crore. 

Gopal Srinivasan, chairman, TVS Capital Funds, said that the fund successfully closed its extended fund raising on December 31, 2020 with an overall AUM of Rs 1,550 crore blind pool and with a potential co-investment pool of Rs 450 crore, and that the total AUM for the fund would stand at Rs 2,000 crore.

This would be 3X – 3.5X of the