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2i Capital, a mid-stage, growth-oriented private equity fund, has raised $60 million as the first closure of its second fund - “Indian Enterprise Fund”. The target corpus of the fund is $200 million. This is the second fund from 2i Capital group, which has till now invested $200 million in 17 companies across sectors from its first fund 2i Capital PCC, a foreign venture capital fund.

According to a press note issued by the company, the fund will look at making growth capital investments in mid-sized companies with strong management teams and that are operating in high growth consumer or industrial markets.

2i Capital has 35% of its investment in manufacturing & engineering, 27% in energy and infrastructure, 14% in telecom and technology, 13% in consumer & capital goods, and the rest in leisure & travel, logistics and supply.

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