(Bloomberg) -- Investcorp Bank BSC raised about 10 billion rupees ($142 million) for its first India private equity fund, just months after the Bahrain-based alternative asset manager opened in the country.
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The fund will focus on investments in the consumer, financial services and healthcare industries and has already deployed 2.7 billion rupees in four companies -- Incred, ASG, Zolo and Citykart, Investcorp said in a statement.
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The limited partners of the fund comprise Indian banks, insurance companies, family offices and international fund of funds, according to the statement.
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