Siguler Guff raises $500 mn fund to invest in India's mid-market firms

Siguler Guff, a multi-strategy private markets investment firm based in New York, has announced the successful raising of $500 million for its India-focused mid-market private equity strategy. The firm, which manages approximately $18.4 billion in assets as of December 31, 2025, has final closed its Global Emerging Markets Growth Opportunities Fund II (GEMGO II) along with related co-investment vehicles and separately managed accounts, representing a combined $500 million in capital commitments.

GEMGO II is designed to invest in high-growth, founder and family-owned businesses in India, with an average investment size of around $50 million. The fund will focus on sectors that can capitalize on India's domestic consumption growth and serve global demand, including consumer goods, healthcare, financial services, and technology.

Drew Guff, the firm's Chief Investment Officer and Co-Portfolio Manager of GEMGO II, highlighted India as a compelling long-term global investment opportunity due to its robust demographic trends, rising consumption, and dynamic business environment.

Since its inception, Siguler Guff has invested approximately $1 billion in India across various emerging markets vehicles, including investments in 23 companies such as Indian Energy Exchange, GlobalLogic, City Union Bank, Luker Electric Technologies, Baazar Kolkata, and Sterling Hospitals. The firm has already begun deploying capital through recent investments in Trimex Foods, Rajasthan Royals, Valliance.ai, and La Renon, demonstrating its commitment to partnering with founder-led and family-owned businesses that serve both India's domestic economy and global markets.