India-based TIW Private Equity, a small and medium-sized enterprise focused buyout private equity fund, intends to secure an additional $100 million as part of its next series.
TIW Private Equity said that it typically secures funds every 18 months through series and sub-series rounds. The fund has bagged about $63 million out of the $70 million fund from multiple rounds.
The fund said that it stays invested in the company for about three to five years and the funding exposure is between $4 million to $8 million for each company.
TIW expects to deploy the entire tranche of funds by 2023 and plans to raise another round sometime next year for about $100 million.