 "Dhruv Kapoor, MD, Insitel Services")
Sistema Asia Fund (SAF), a proprietary venture capital fund of Russian conglomerate Sistema JSFC, is planning to increase the corpus of its fund to $120 million, from $50 million, by roping in other investors.
This will allow the fund to cut bigger cheques for Series-B deals in India, said Dhruv Kapoor, managing director, Insitel Services, which advises the fund. Registered in Singapore, the fund has applied for a licence to rope in third-party LPs or limited partners.
Limited partners are big investors like pension funds, big family offices who invest in private equity funds.
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