Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr

Private equity firm Stakeboat Capital on Tuesday said it has launched a fund to raise Rs 1,000 crore for investment in small and medium enterprises (SMEs).

Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement

The fund will seek to invest in existing companies with revenue between Rs 50 crore and Rs 250 crore in the form of both primary and secondary transactions, it said.

Fund-II will be focused on three major sectors like healthcare and life sciences; businesses and services; and manufacturing, it said.

Stakeboat will look to exit in about 3-5 years from the portfolio companies in the form of either a strategic sale or a secondary sale to a larger investor, it added.

Stakeboat is looking to expand access for Fund-II to a broader set of investors from both domestic and international markets and the company is expecting to raise a large part of Fund II from institutional investors and family offices.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel