Multiples Alternate Asset Management raises $685m

The Mumbai-based private equity firm has closed its third PE fund in the series slightly below its target.

Fund: Multiples Private Equity Fund III
Amount raised: $685 million
Target size: $750 million
Stage of fundraising: Final close
Final close date: June 2021
Time on the road: Two years and five months
Predecessor fund: Multiples Private Equity Fund II ($685 million including co-investment)

Multiples Alternate Asset Management announced the final close on its Multiples Private Equity Fund III on $685 million. Capital raised for the fund will invest in growth equity in India focused on consumer tech and goods, financial services, healthcare, enterprise tech, TMT, agribusiness and business services.