India, April 25 -- India-focused private equity firm Kedaara Capital has marked the final close of its fourth investment vehicle, Kedaara IV, at a whopping $1.73 Bn.

This will be Kedaara's fourth fund in 12 years and was raised in just four months beginning last December. It would even surpass Chrys Cap's $1.3 Bn Fund IX raised in 2023.

As per ET's report, nearly 85% of this new fund was sourced from existing investors. Among them include three major Canadian pension funds - CPPIB, CDPQ, and OTPP - and German insurer Allianz, HarbourVest and Asia Alternatives.

The newly raised capital will reportedly be invested in sectors across banking, healthcare, consumer and SaaS. In addition, Kedaara Capital will scout both minority stakes and co...