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Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets.
This would double the firm s assets under management (AUM) from the current $1 billion to $2 billion over the next five years. For direct investments, we are focusing on growth-stage investments and very selectively on early stage, Deepak Padaki, president, Catamaran, told Business Standard. (This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment, he said.