With India’s healthcare sector buzzing with activity, Indian private equity (PE) firm Somerset Indus Capital Partners has increased the target for its third investment vehicle to about $250 million from $200 million, its founder and managing partner Mayur Sirdesai told DealStreetAsia.
However, the timeline to raise the new corpus has been extended by a year due to slower deployment of the predecessor fund owing to legal documentation delays, Sirdesai added. Somerset Indus is now looking to make the first close of its third fund over the next month, the second close by September-October, and the final one by early next year.
