New Delhi, Aug. 27 -- Global private equity firm Siguler Guff is in the process of launching a $350-400 million India-focused continuation fund to stay invested in four of its portfolio companies, people familiar with the matter said.

Siguler Guff is considering the continuation fund to stay invested in value-retail chain Baazar Kolkata, multi-specialty chain Sterling Hospitals, appliance maker Luker Electric Technologies and medical device maker Relisys, the people cited above said on the condition of anonymity.

Private equity and venture capital funds with successful portfolio companies usually launch continuation funds to hold on to investments as the fund life nears completion. This allows the fund's limited partners to exit, while ...