Siddharth Parekh-led PE firm bets on insurer backed by elder brother's PE firm

A mid-market private equity firm co-founded by Siddharth Parekh, the younger son of former HDFC Ltd chairman Deepak Parekh, has invested in an insurance company that’s backed by another PE firm helmed by his elder brother in the first such transaction, VCCircle has gathered.  Paragon Partners, which marked the final close for its second fund in April ......