L Catterton Asia looks to close third fund early next year at $1.5b

A file photo of Ravi Thakran, managing partner, L Capital Asia, who said that the company has been unable to identify any compelling opportunities in India. Photo: Mint

The Asian arm of US-headquartered global private equity firm L Catterton — best known for its investments in the consumer space — is on track to close its third Asia buyout fund early next year with a $1.5 billion mop-up, exceeding its targets, this portal has learnt.

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