UTI Capital makes first close of maiden India debt fund at $74m; eyes mid-market deals

UTI Capital has marked the first close of its Rs 1000 crore ($155 million) fund by raising almost half of its targeted amount. The Category II Alternate Investment Fund has a target corpus of Rs 750 crore and an additional green shoe option of Rs 250 crore. The capital commitments in the fund currently stand at more than Rs 480 crore ($74 million).

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