New Delhi, March 13 -- Oman India Joint Investment Fund (OIJIF), backed by the Oman Investment Authority and State Bank of India, has secured a $100 million first close for its third private equity fund, two people with direct knowledge of the matter said.

The mid-market private equity firm is targeting a final close of about $250-300 million over the next year, the people said.

The fundraising reflects continued investor interest in India's mid-market opportunities, even as global private equity firms adopt a more cautious approach amid geopolitical tensions and tighter exit conditions. Private equity and venture capital firms raised a record $23.2 billion across 123 India-focused funds in 2025, underscoring sustained investor appetite...