L Catterton’s India-centric consumer fund marks first close at $200 Mn

L Catterton’s India-focussed consumer fund has marked its first close at $200 million (about Rs 1,760 crore). 

The investment vehicle, L Catterton India Fund (Fund I or the Fund), was launched by L Catterton Asia and former Hindustan Unilever Ltd executive Sanjiv Mehta last year to invest in mid-market consumer businesses in India. 

According to an ET report, citing sources, the private equity fund has a target of raising $400 million, with an additional greenshoe option of $200 million.

The PE fund is said to have received commitments from World…