Siguler Guff has raised $500 million to invest in India’s mid-market companies, focusing on founder- and family-owned businesses. The fund aims to back sectors including consumer, healthcare, financial services, and technology. This move was announced on August 19, 2026, as the firm looks to expand its footprint in India’s growing private equity space, according to livemint.com.
The new fund, named GEMGO II, follows Siguler Guff’s recent investments in companies such as La Renon, Trimex Foods, Rajasthan Royals, and Valliance.ai. Shaun Khubchandani, partner at Siguler Guff and co-portfolio manager of GEMGO II, highlighted the firm’s strategy to deepen its presence in India’s mid-market segment. The fund will deploy capital selectively to founder-led businesses with growth potential across multiple sectors.
India’s mid-market segment has attracted increasing interest from global private equity firms due to its growth prospects and the presence of family-owned enterprises seeking capital for expansion. Siguler Guff’s $500 million fund is among the larger vehicles targeting this space, reflecting confidence in sectors like consumer goods, healthcare, and technology. Comparable funds have also increased their allocations to India’s mid-market companies in recent years, underscoring the sector’s appeal.
The GEMGO II fund’s capital raise was confirmed on August 19, 2026, with Siguler Guff positioning itself to capitalize on India’s evolving private equity landscape. The firm’s portfolio now includes a diverse set of mid-market companies, with the new fund expected to accelerate investments in founder- and family-owned businesses across key sectors.