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Actis Capital set to raise $3 billion South Asia fund

London-basedActis Capital LLP, a private equity (PE) firm focusing on emerging markets, is raising a $3 billion (Rs12,300 crore) South-Asia fund. Out of this, over one-third or about Rs4,100 crore, is likely to be invested in India, according to a senior Actis executive. Actis’ proposed South Asia fund is significantly more than the $475 million it raised for investment in South Asia through its India Fund 2 and South Asia Fund 2, two years ago. […]