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Private equity firm Ascent Capital scouts for $400M for next fund

Private equity firm Ascent Capital scouts for $400M for next fund

Friday, March 31, 2017, 9:56 AM

Private equity firm Ascent Capital, an early investor in online grocery retailer BigBasket, is planning to raise new fund of about Rs.2,275-2,600 crore ($350-400 million) after scoring half a dozen exits since last year. New fund, which is targeting a final close by the end of the year, will take the total assets under management of Bengaluru-based investment firm to more than $1 billion.
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