PE fund Zephyr Peacock eyes 12 investments from $100-mn third fund

The company is also preparing to exit two portfolio companies in the next 6-8 months

Zephyr Peacock, the India affiliate of New York headquartered private equity firm Zephyr, which invests in emerging markets globally, is raising a $100 million third fund for the domestic market and will be investing in up to a dozen companies from the fund, said a top company official.

It is in the process of raising the fund from institutional investors as well as family offices. The PE fund will be investing in between $3 million and $10 million each in a portfolio of 10-12 companies from the third fund.

Over the past decade, the PE fund has invested over $120