Samara Capital hits halfway mark for $300m fund


india_flag_170sqIndian private equity firm Samara Capital has reportedly hit the halfway point for its second fundraise.

Samara Capital Partners Fund II is targeting $300m and the firm expects to hold a final close early next year, or less than a year after launching the vehicle, said Dow Jones, citing a person familiar with the matter.

Marketing documents for the fund, which is $50m larger than the first vehicle raised in 2008, were sent out six months ago, said the source.

Samara Capital was founded by former Goldman Sachs dealmaker Sumeet Narang in late 2006. The Mumbai-based firm invests in the infrastructure, consumer, products and services, financial services, pharmaceuticals, healthcare, IT, media and manufacturing sectors.

Companies backed by Samara include financial news and market data provider Newswire18.

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