(Reuters) – India’s Kedaara Capital, co-founded by a former India head of Singapore sovereign fund Temasek Holdings, has raised $540 million for its maiden fund, it said on Friday, at a time when first-time funds in Asia are struggling to raise capital.
Kedaara is likely to add another $50 million to the fund from local investors, the former Temasek executive Manish Kejriwal told Reuters.
