<article>Private equity fund<a href="http://dealstreetasia.com/tag/zephyr-peacock" target="_blank" rel="noopener"> Zephyr Peacock India</a> has raised around $33 million so far for its fourth fund focused on small and medium enterprises (SMEs).</article>

Private equity fund<a href="http://dealstreetasia.com/tag/zephyr-peacock" target="_blank" rel="noopener"> Zephyr Peacock India</a> has raised around $33 million so far for its fourth fund focused on small and medium enterprises (SMEs).
According to a regulatory filing, around 30 investors have put in $32.9 million in the new fund, Zephyr Peacock India Growth Fund (ZPIGF). The minimum amount per investment was set at $100,000.
Part of a larger investment group based out of the US, Zephyr Peacock India provides growth capital and management support to small and mid-sized enterprises in India. The PE firm&#8217;s India team is based in Bangalore and led by managing director Mukul Gulati.
According to the company&#8217;s website, since its inception in 1994, US-based Zephyr has sponsored 22 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management.
The company is reportedly looking to raise around $125-150 million for its fourth fund, with a focus on sectors such as financial services, food and agriculture, infrastructure and services. Its deal sizes range from $5 million to $20 million.
Zephyr Peacock was earlier said to have raised around $150 million for its third fund, but the company never made the figure public. Zephyr Peacock India Fund I was launched in 2006 while Zephyr Peacock India Fund II, which had raised $75 million, was set up in 2008.
From its third fund, Zephyr Peacock has backed companies such as 20Cube Logistics Solutions, Maverix Platforms, Pennar Engineered Building Systems, Swarna Pragati Housing Micro Finance, Thirumeni Finance, Trimax IT Infrastructure and Services, Utkal Tubers Indial, and Fingerlix.
The company recently also exited its investment in Mumbai-based Miles Software Solutions Pvt. Ltd and Bengaluru-based school finance company Varthana, operated by Thirumeni Finance.
A couple of months ago, Blue Lotus Capital, an asset management company focusing on private investments in public enterprises (PIPE) strategy, had raised $35 million for its Blue Lotus Capital Multibagger Fund, also targeted at the SME space.
Recently it was reported that mid-market private equity firm Multiples Alternate Asset Management Pvt. Ltd has reached the first close of its third fund with commitments of nearly $500 million- half of its targeted $1 billion. In Augusst, Sanaka Capital Partners, founded by former Carlyle executive Shankar Narayanan, secured $100 million from Swiss investment group Woodman Asset Management AG, for its maiden Asia and India linked private equity fund.
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The company is reportedly looking to raise around $125-150 million for its fourth fund, with a focus on sectors such as financial services, food and agriculture, infrastructure and services.

India-focused PE fund Zephyr Peacock raises $33m for fourth fund

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India-focused PE fund Zephyr Peacock raises $33m for fourth fund

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