Somerset Indus Capital Companions, the Mumbai-headquartered non-public fairness fund centered on healthcare investments, has raised $288 million for its third fund, exceeding the preliminary goal of $250 million.
An announcement from the agency mentioned the members within the third fund included growth finance establishments (DFIs), world funding corporations, home monetary establishments, insurance coverage firms, funds of funds, household places of work, and influence traders throughout Europe, the USA and South-East Asia. This was a mixture of present and new traders.
“India’s healthcare ecosystem is present process a structural transformation, notably past the metros. Fund III positions us to deepen our presence in underserved markets and associate with entrepreneurs constructing scalable healthcare platforms. We stay dedicated to delivering measurable influence alongside sustainable monetary returns,” mentioned Mayur Sirdesai, Companion, Somerset Indus Capital Companions.
The non-public fairness agency mentioned Fund III will give attention to addressing healthcare entry gaps throughout India’s “lacking center,” notably in Tier II and Tier III markets. The fund will put money into scalable healthcare companies delivering inexpensive, accessible high quality care throughout healthcare supply, prescribed drugs, medical gadgets, diagnostics, and allied sectors.
Somerset has already made three investments by means of Fund III–Cyrix Healthcare, which is into medtech servicing; Printmann Offset (pharmaceutical packaging); and NU Hospitals (a nephrology and urology centered single-specialty hospital chain).
Somerset usually invests between $15 million and $40 million per portfolio firm. Nonetheless, by means of co-investment syndication alongside its restricted associate community, the agency has the pliability to take part in bigger transactions within the vary of $60–80 million.
Based in 2011 by Avinash Kenkare and Mayur Sirdesai, Somerset Indus Capital Companions has property beneath administration of round $500 million throughout three funds.
In keeping with the non-public fairness agency, its earlier funds have delivered robust efficiency, with Fund I producing roughly 4.0x distribution to paid in capital whereas Fund II is advancing towards exits, with its first realisation accomplished in September 2025 at roughly 4x a number of on invested capital (MOIC).
Somerset mentioned throughout its portfolio, it has partnered with first-generation entrepreneurs to construct scalable healthcare platforms that develop entry and drive innovation.
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