Lazard, a global financial advisory and asset management firm with $140 billion under management, is set to raise a $300 million India focused private equity fund. Lazard becomes the latest to join the India story, which during 2007 witnessed private equity investments in the range of $18 billion. While Lazard India management offered not to comment on this development, industry sources indicate that the fund is expected to be in place by middle of this year. “There will be an anchor investment from Lazard and the India PE team will start road-shows by as early as February. We expect the fund to be in the range of $250-$300 million,” sources in the company said. […]