Tata Capital on road to raise $200m for second healthcare fund: Report

Photo: Reuters

Tata Capital, the flagship financial services arm of the diversified Tata Group, has kicked off the process to raise as much as $200 million (Rs 1,400 crore) for its second healthcare fund, VCCircle reported.

The new fund would be almost three times bigger than the previous fund, Tata Capital Healthcare Fund I, which received capital commitments of Rs 319 crore (about $62 million) in April 2012. Of this, the fund invested Rs 245 crore in portfolio companies, according to its annual report for the fiscal 2017-18.

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