Private equity firm L Catterton to raise $600 million for its first India-dedicated fund

L Catterton, a private equity firm backed by LVMH, the world’s largest luxury goods conglomerate, is raising $600 million for its debut India-focused fund, according to a disclosure by the International Finance Corporation (IFC), the World Bank Group’s private sector investment arm. This may mark the first time a global private equity firm is launching an investment vehicle dedicated to India.

As per the disclosure, IFC will invest $30 million in the L Catterton India Fund-I with an additional co-investment amount of $30 million.

In March last…