Business · Companies · 1 hr ago
Multiples targets a $1 billion-plus fundraise next year
Multiples is preparing to raise $1 billion to $1.2 billion next year, according to people familiar with its plans.
The Mumbai-based private equity firm is led by founder and CEO Renuka Ramnath.
The proposed fund would be its largest yet, and its fifth main fund.
Multiples has deployed 50-70% of its previous fund, which it began raising in 2023 with a target of about $800 million.
The firm invests in companies across several sectors, including finance, healthcare, consumer businesses and technology.
Its plans come as other large private equity firms have also raised or closed sizeable funds in recent years.
The fundraising is planned for next year, but Multiples did not respond to a request for comment by publication time.
Multiples is targeting a $1 billion to $1.2 billion fundraise next year, according to people familiar with the matter.
The Mumbai-based private equity firm has deployed 50% to 70% of its previous fund.
The proposed fund would be the largest yet for the firm, led by founder and CEO Renuka Ramnath.
Multiples has more than $3 billion in assets under management and investments in more than 40 companies.
The firm did not respond to Mint’s queries by press time.
- Who
- Multiples, the private equity firm led by founder and CEO Renuka Ramnath.
- What
- It is preparing to raise $1 billion to $1.2 billion for its next fund.
- When
- The fundraise is expected to begin next year.
- Where
- Multiples is based in Mumbai.
- Why
- It has deployed 50% to 70% of its previous fund and is seeking fresh capital.
This story does not have two clearly opposing sides.
Multiples began raising its latest primary fund, with a target corpus of about $800 million.
Multiples is expected to begin fundraising for a new fund targeting $1 billion to $1.2 billion.
- Target fund size
- $1 billion to $1.2 billion
- Previous fund deployed
- 50% to 70%
- Assets under management
- More than $3 billion
- Portfolio reach
- More than 40 companies
- Founder and CEO
- Renuka Ramnath
What people are saying
It likely to begin fundraising in the new year, aiming a size slightly larger than its last fund