Somerset Indus closes $288m fund

Healthcare-focused private equity (PE) firm Somerset Indus Capital on Monday said it achieved a final close on its third investment fund with $288 million in commitments. The money is expected to be deployed across a larger investment basket than its previous two funds. 

A top executive at the PE firm told Business Standard that the third fund exceeded its earlier target of $250 million. The additional capital is expected to enable the fund to support larger and more scalable opportunities. 

“This includes areas such as preventive care, OPD-linked insurance, healthcare financing, embedded insurance solutions, value-driven generics, medtech innovation, and diagnostic platforms that improve accessibility and standardisation beyond metros,” said Mayur Sirdesai, partner at Somerset Indus Capital Partners.