(Source: VC Circle) -- U.S.-based asset management company Guggenheim Partners has acquired control of the India fund of funds business of Thomas Weisel Partners.
While the two buyout entities will jointly manage the existing fund—Thomas Weisel Partners India Opportunity Fund—Thomas Weisel Partners is exiting its India operations, save the existing fund.
The private equity fund is currently less than $100 million, and sources say it is likely the fund will be expanded by another $100 million. However, all the new products to be launched in the future will be fully controlled by Guggenheim......
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