PE firm Mandala looks at five exits prior to next round of fund raising

Company says it will be making a two-fold return from exits, which would help it achieve its fundraising target

Mandala Capital, a private equity firm with focus on agri and food value chain investments in India, is expecting partial or full exits from around five companies out of the eight investments it has made so far, by next year to help its next round of fund raising worth $250-300 million. 

While both the previous funds were targeting $250 million, Mandala could only raise $120 million and $230 million, but is confident that this time it would be able to reach its target, said Uday Garg, founder and managing partner of Mandala Capital. The partial exit may include Jain Farm