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Market Chatter: SBI Funds Management Eyes $200 Million Tech-Focused Private Fund

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SBI Funds Management is preparing to launch its first technology-focused private markets fund in partnership with venture capital firm 3one4 Capital Management, Bloomberg News reported, citing people familiar with the matter.

The fund is expected to target $200 million, with the partners awaiting approval from the Securities and Exchange Board of India before its launch, the report said.

SBI Funds Management did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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