Carnelian Capital plans PE foray with Rs 2,000 crore fund

The investment manager, which oversees about ₹18,300 crore across portfolio management services and alternative investment funds, plans to raise the maiden fund in the next 12-18 months. It will focus on profitable companies seeking ₹100-300 crore of growth capital, a segment the firm believes has become underserved as private equity funds have grown larger.