Private equity firm Matrix Partners India said it has raised USD 300 million (Rs 1,328 crore) through its second fund. "It has closed a USD 300 million second fund," Matrix Partners India said in a statement. The fund will continue to target early and growth stage investments of up to USD 30 million each in companies in the business of internet,mobile,education,financial services,healthcare and infrastructure services firms. With the closing of this fund the firm has USD 600 million under management across two funds. The firm's first fund has investments in Muthoot Finance,which recently closed its initial share sale,and TreeHouse Education that has recently filed its papers for an initial public offering. "We are excited about the continued support from our limited partners for our proven strategy of early and growth stage investing across our focus sectors. We intend to continue to keep investing behind outstanding entrepreneurs with the passion for building excellent businesses," Matrix Partners India Managing Director Avnish Bajaj said.
