Kedaara Capital Raises Record $1.7 Billion Fund; Fund Set to Be India's Largest

Kedaara Capital, backed by Clayton Dubilier & Rice, has successfully raised $1.7 billion for its fourth fund, marking the largest private equity fund ever in India. Founded in 2011 by former Temasek and General Atlantic executives, Kedaara has grown into a leading player in India's private equity landscape. This new fund is 54% larger than its predecessor, demonstrating significant investor confidence in India's robust economic growth and shifting global investment trends away from China​ (India Today)​​ (Live Mint)​.

Approximately 80% of the capital comes from previous investors, with the remaining 20% from new institutions such as the Cleveland Clinic and the University of Minnesota​ (Business Standard)​. The fund will focus on sectors including banking, healthcare, consumer goods, and software, and will target both minority stakes and buyout deals​ (Live Mint)​. Kedaara's strategic approach and local expertise position it well for collaborations with global firms seeking to tap into India's fast-growing market​ (Outlook Business & Money)​.