Fund surpasses its first-close target of Rs 7 bn, targets total size of around Rs 10-12 billion. : TVS Capital Funds Private Limited has completed the first close of the TVS Shriram Growth Fund 3, a private equity fund. The fund has raised Rs 8.32 billion of commitments entirely from domestic investors, against the targeted Rs 7 billion for its first close. The fund is targeting a total size of around Rs 10-12 billion. The fund has received enthusiastic participation, especially from family office clients who have invested Rs 100 million or more.