<ul><li>Multiples Alternate Asset Management has closed a $430 million continuation fund to deepen its commitment in three portfolio companies - Vastu Housing Finance, Quantiphi, and APAC Financial Services.</li><li>The fund structure allows Multiples to extend ownership in high-performing assets and offer liquidity to old investors. It was oversubscribed and backed by global institutional investors like HarbourVest Partners and TPG NewQuest.</li><li>Multiples has a thesis-led investment approach and has previously backed startups like Delhivery and Acko. The continuation fund reflects the trend of Indian private equity firms utilizing such vehicles to hold high-growth assets.</li><li>Vastu, Quantiphi, and APAC have scaled significantly since Multiples' initial investments. The continuation fund also includes capital for follow-on investments in these companies.</li></ul>

Private equity firm Multiples closes $430 million Continuation Fund

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