Former Infosys executive TV Mohandas Pai is seeking to set up a private equity fund with $100 million capital, Daily News & Analysis reports. The new fund will make mid- to late-stage investments in technology and healthcare firms.
Pai will start the fund along with Manipal Group’s Ranjan Pai. The fund, which is close to concluding its first investment, has appointed a CEO. The duo is not considering external investors.
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