Mid-market India-focused private equity firm Lighthouse Funds has raised $138 million (around Rs 900 crore) for its fund India 2020 Fund II around two years after hitting its first fundraising milestone, a top executive told VCCircle. The fund had got a $42 million commitment from US government's development finance institution Overseas Private Investment Corporation (OPIC) late last year and the PE firm was targeting to raise $125 million in its second outing. Lighthouse Funds had raised its maiden fund 'India 2020 Limited' in 2008 with a corpus of $100 million. With the latest fund, the firm has also tweaked its...

(As published in vc circle 7th Oct 2015)