Access Asia launches new India private equity fund

Access Asia is setting up a $150 million private equity fund to focus on small to mid-cap deals between $8 million and $12 million in India. The private equity manager says it has already received soft commitments of $30 million and expects a first close before the end of the year. "We think that in India, this is an attractive niche which sees significantly lower valuations and greater deal flow,” says Nilesh Mehta, a co-founder of the firm along with Sangeeta Modi. “Our strategy is …