Catterton plans to raise Rs 4,000-Cr India fund

L Catterton, backed by LVMH, plans to raise a ₹4,000 crore rupee fund for India under Category-II AIF. In a joint venture with ex-HUL CEO Sanjiv Mehta and other executives, they've applied to SEBI. Targeting banks and high net-worth individuals, the fund aims for investments with a 3.1x realized return record in Asia.