India, Sept. 5 -- L Catterton's India-focussed consumer fund has reportedly marked its first close at $200 Mn (about INR 1,760 Cr).

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.

The private equity fund has a target of raising $400 Mn, with an additional greenshoe option of $200 Mn, ET reported, citing sources.

Inc42 has reached out to the firm for additional details on the development. The story will be updated on receiving a response.

The PE fund is said to have received commitments from World Bank's International Finance Corporation (IFC) and some clients of ...