Matrix Partners India has secured $300 million in commitments from investors for its second fund, The Wall Street Journal reports. The vehicle will target early and growth stage investments of up to $30 million each in companies in the business of internet, mobile, education, financial services, healthcare and infrastructure services firms. With the closing of the fund, the local unit of U.S.-based Matrix Partners has $600 million under management across its two funds. Matrix’s portfolio of 16 companies includes a non-banking finance company, Muthoot Finance, among others.
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