Homegrown private equity fund Kedaara Capital cashes in on fast exits

While it isn't alone, Kedaara is among the front-runners of home-grown private equity players looking to move outside the confines of just being a family-style financial office

When Kedaara Capital recently divested its entire stake in packaging company Manjushree Technopack to US-based Advent International, financial details of the deal were not known. 

However, it’s not a stretch to assume that Kedaara managed to pull off at least two times the return on investment, given that the firm named after the Hindu temple Kedarnath in Uttarakhand, has delivered past exits in a similar vein, sources in the industry say. 

Examples include the Mahindra Logistics IPO in which Kedaara invested Rs 2 billion and generated a 3.5 x return and AU Small Finance Bank, which saw a partial IPO exit by