MUMBAI, Jan. 20 -- 360 One Asset's private equity and venture capital arm has raised a Rs.1,000 crore fund focused on defence and space investments, backed entirely by domestic limited partners, senior executives at the firm said.

The fund is expected to reach a final close within the next two months and invest in 15-20 companies across the defence and space value chain, said Sameer Nath, chief investment officer and head of private equity and venture capital at 360 One Asset, during a media interaction on 20 January.

Nath said the firm plans to exercise a greenshoe option that could make the corpus larger, potentially making it one of the largest pools of capital dedicated to defence and space in India, a market where funding has histo...