Bangalore: TVS Capital Funds has raised a top-up fund of worth 500 crore. This fund has come totally from domestic capital, contributed majorly by family offices and individuals and some from sponsors and institutions.

The firm had raised its first top-up fund in July 2008 of 500 crore and later added 100 crore. It made 9 investments including Development Credit Bank, Dunar Foods and ReGenPowertech. Earlier in 2012, TVS Capital made its first exit by selling its stake in TVS Logistics. The fund is targeting investments across consumer driven opportunities such as retail, healthcare, education, food & agro, FMCG, media & entertainment, facilities management and so on.

According to Gopal Srinivasan, Chairman and MD of TVS Capital Funds, the market is moving rapidly towards domestic capital. Seeing a great opportunity in agri-business, the Chennai-based private equity fund extended its advisory board by bringing in B. Soundarajan, Founder and Chairman of Suguna Foods and Former MD of Yum! Sandeep Kohli. To help TVS Capital in the education space, CEO of Manipal Global Education Service, Anand Sudarshan joined as fund advisor.

S. Raghunathan of Hindustan Unilever and Dabur has joined it as Executive Director and COO. Shyamal Lahon, who was with KPMG Corporate Finance, has joined as an associate.