India's Multiples PE closes third fund at $680m, says founder Renuka Ramnath

India's Multiples PE closes third fund at $680m, says founder Renuka Ramnath

Multiples PE founder Renuka Ramnath.

Renuka Ramnath-led homegrown private equity firm Multiples Alternate Asset Management (Multiples PE) has closed its third fund at $680 million to invest in mid-market companies in India.

Multiples Private Equity Fund III, which started raising capital from limited partners (LPs) or investors in 2018, targeted to raise “$700 – $750 million, a 30% increase from our Fund 2,” Ramnath told DealStreetAsia in an exclusive interview.

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