Khaitan & Co acted as Indian legal counsel and advised Kedaara in the setup of their fourth fund in India, in Gujarat International Finance Tec-City and as a SEBI AIF including assisting in negotiations with key investors for their investment in the Fund.
The fund is the largest Private Equity Fund focussed on India setup by a homegrown fund manager and will focus on growth as well as control deals in its identified sectors. The fourth fund, like its three predecessors, would typically look for investment opportunities in sectors including financial services, consumer and consumer-tech, healthcare and pharma, and technology and tech services.
The fund has raised USD 1.73 billion in its first and only close.
The core team consisted of Siddharth Shah (Partner), Divaspati Singh (Partner), Khusboo Agarwal (Principal Associate), Deep Shah (Senior Associate) and Nikhat Hetavkar (Associate).
The fund is the largest Private Equity Fund focussed on India setup by a homegrown fund manager.