Mumbai, June 17 -- After closing its maiden private equity fund at Rs.575 crore earlier this year, InCred Alternative Investments is preparing to raise a significantly larger second fund of Rs.1,000-1,500 crore, a top executive told Mint. The firm plans to increase its average deal size and tap a more institutional pool of investors for this fundraise.

"We will try to inject larger amounts from the second fund onwards and are targeting an average ticket size of Rs.140-150 crore across 7-8 companies, up from Rs.75-85 crore in the first fund," said Vivek Singla, managing partner at InCred Alternative Investments, told Mint in an interview. The fundraising process will start in the next quarter, though final timelines and fund size will dep...