Indian mid-market PE firm Carpediem Capital seeks to raise up to $100m for second fund

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Carpediem Capital, a mid-market private equity (PE) fund manager in India, is in advanced talks with institutional firms and family offices to raise about $100 million as it looks to ramp up its investments in the burgeoning SME segment in the country.

The firm is understood to have garnered about 65% of the target corpus and has already started deploying from the vehicle. The fund is aiming for a final close over the next 10-12 months.

“As far as Carpediem’s institutional LPs are concerned, they are so far from the domestic market. The HNIs and family offices, however, are both from India and abroad,” an investment banker privy to the PE firm’s fundraising plans told DealStreetAsia on condition of anonymity.

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