Reuters: Walden to launch $500 mln fund

"U.S.-based venture capital Walden International plans to launch a global fund early next year to raise up to $500 million as it steps up investment in China and India, a top official said on Tuesday.
Walden manages more than $1.9 billion in assets, mainly in China and the United States.
It aims to invest up to $150 million in the next 12-18 months in India's education, financial and healthcare service firms, Managing Director Rajesh Subramaniam told reporters in Mumbai.
'We typically raise funds every three years and the sweet spot for us is the $400 million-$500 million range,' he said."