Indian mid-market private equity (PE) firm Amicus Capital Partners, the backer of startups like online insurance platform RenewBuy, Capital Small Finance Bank and Berar Finance, has hit the first close of its second investment vehicle at $75-100 million (Rs600-800 crore), DealStreetAsia has learnt.
The PE major is targeting to raise a total of about $200 million for the vehicle to ramp up its investments across fast-growing sectors such as financial services, consumer, healthcare, technology and business services.