Mumbai, July 13 -- Kedaara Capital, which closed its largest fund at $1.7 billion in 2024, is in talks to raise a $200-300 million continuation fund to keep backing at least two of its trophy assets, according to three people close to the development.

"Lots of funds, including Kedaara, are adopting this vehicle to get some interim liquidity and return capital to their investors," said one of the people, all of whom spoke on the condition of anonymity.

"The two to three assets that will be rolled into the continuation fund are still being discussed with incoming investors," said the second of the three people cited above.

The private equity (PE) firm did not immediately respond to Mint's request for a comment.

If it goes as planned, Ke...