Affirma Capital considers global buyout funds as alternative to IPO for exit strategy. : Mumbai: Affirma Capital, a private equity fund focusing on India, South Korea, and South-east Asia, achieved a 55% internal rate of return (IRR) and nine times multiples on invested capital with a partial exit from TBO Tek, a senior executive said. On Saturday, General Atlantic acquired the minority stake from Affirma in travel services company TBO Tek. Affirma Capital, which owned 46%, divested around 7% stake in the company.