India: Paragon Partners closes maiden PE fund at $120m, plans to deploy 70% by Apr

Mumbai-based private equity firm Paragon Partners has completed the fund-raising for its maiden growth fund at $120 million, and is planning to build a portfolio of 8-10 companies from it.

The firm was targeting to raise $200 million for its fund PPGF-I, comprising a fund size of $100 million with a green shoe option of an additional $100 million.

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