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Amicus Capital marks first close of second domestic fund
VCCircle
·
1y ago
Medial
Amicus Capital, a mid-market private equity fund based in Bengaluru, has achieved the first close of its second domestic fund at $146 million. It aims to raise a target corpus of $200 million and complete the final close in 2024. The fund plans to invest in middle market companies across sectors with a focus on digitalisation and market access. The investors include US International Development Finance Corporation, domestic insurance companies, financial institutions, family offices, and high-net-worth individuals.
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NIIF invests ₹207 crore in Amicus Capital
Livemint
·
1y ago
Medial
India's National Investment and Infrastructure Fund Ltd (NIIF) has invested ₹207 crore ($25 million) in the second fund of growth capital fund Amicus Capital Partners. The investment comes from NIIF's Fund of Funds – I and highlights its support for fund managers with a strong investment strategy and team. NIIF's backing is expected to boost Amicus' fundraising efforts, with the second fund currently having raised $171 million. Amicus Capital invests in various sectors, including manufacturing, technology, healthcare, and financial services. NIIF manages over $4.9 billion of equity capital commitments across its funds.
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NIIF Backs Amicus Capital’s Second Fund With $25 Mn
Inc42
·
1y ago
Medial
National Investment and Infrastructure Fund (NIIF) has invested INR 207 crore ($25 million) in Amicus Capital Partners, an Indian growth capital fund. Amicus, which supports startups in various sectors, aims to raise a $200 million corpus for its second fund. The fund currently manages assets worth $259 million across two funds and counts mCaffeine, Wonderchef, and MoEngage among its portfolio companies. Amicus plans to partner with NIIF to support promising businesses during their early growth phase. NIIF manages over $4.9 billion in equity capital commitments across four funds.
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Amicus Capital snags bigger cheque from new LP for India PE fund
VCCircle
·
1y ago
Medial
Amicus Capital, a Bengaluru-based private equity firm, has received a larger investment than planned from a new limited partner for its second fund. The firm focuses on investing in small and medium-sized enterprises and has secured a commitment of $40 million for its India PE fund. Amicus Capital's portfolio includes companies like RenewBuy, MoEngage, and mCaffeine.
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NIIF invests Rs 207 crore in Amicus Capital; Know the details
IndianStartupNews
·
1y ago
Medial
The National Investment and Infrastructure Fund (NIIF) has invested Rs 207 crore (approx. $25 million) in Amicus Capital Fund II, which aims to support tech-driven companies in sectors like manufacturing, healthcare, and financial services. The investment comes from NIIF's Fund of Funds - I, as part of its Private Markets Business (PMF)-I initiative. This investment marks the allocation of capital commitments across eight complementary funds by PMF-I, benefiting sectors like climate, healthcare, and technology. Amicus Capital, having already invested in companies like RenewBuy and Capital Small Finance Bank, now gets closer to reaching its $200 million target.
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NIIF strikes its last LP-style bet from first fund of funds
VCCircle
·
1y ago
Medial
The National Investment and Infrastructure Fund (NIIF), India's quasi-sovereign wealth fund, will make its final investment from its fund of funds (FoF) by investing in Amicus Capital's latest vehicle. NIIF acts as a limited partner to private equity and venture capital funds through its FoF. This investment marks its last bet from the FoF.
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Cornerstone Ventures marks first close of $200 mn fund
VCCircle
·
6m ago
Medial
Cornerstone Ventures, a venture capital firm focused on the SaaS sector, marked the first close of its second fund, aiming for $200 million, with $40 million in commitments from domestic investors like HNIs and family offices. Suresh Pareek of Sukvi Ventures joined as a general partner, aiding the fund’s growth. Established in 2018, Cornerstone primarily invests in B2B technology opportunities and plans to deploy the fund across various sectors, making 15-20 investments.
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Alkemi hits first close of second VC fund, taps another institutional LP
VCCircle
·
11m ago
Medial
Alkemi Growth Capital, a healthcare-focused venture capital fund, recently announced the first close of its second fund and secured a new institutional limited partner. The New Delhi-based firm specializes in investing in the healthcare sector and has a focus on diagnostics-focused healthtech startups like Redcliffe Lifetech. Alkemi is currently in the process of raising capital for its second fund.
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Amicus Capital gets commitment from offshore investor for second fund
VCCircle
·
7m ago
Medial
Amicus Capital, a Bengaluru-based private equity firm, has secured a commitment from a European institutional investor for its second fund in India. The mid-market firm, led by Mahesh Parasuraman, focuses on growth and mid-market investments. Notable limited partners in the fund include the European Investment Bank and the US International Development Finance Corporation.
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Micro VC firm Gemba Capital floats second fund
VCCircle
·
1y ago
Medial
Micro venture capital firm Gemba Capital has launched its second investment vehicle, targeting a corpus of INR 250 crore ($34m). The Indian firm, which backs early-stage “platform-first” businesses in three key sectors – consumer technology, fintech and B2B platforms – aims to make follow-on investments with 30% of the fund. Gemba Capital, which raised INR 70 crore for its first fund in 2022, aims to make the final close of fund II by the end of this year.
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Avendus nets nearly $100 mn to hit first close of third late-stage fund
VCCircle
·
6m ago
Medial
Avendus Capital has announced the first close of its third private equity fund, Avendus Future Leaders Fund III, having raised Rs 850 crore ($98.32 million). Primarily securing commitments from domestic family offices and institutions, the fund aims to make its first investment in the healthcare sector. The fund targets Rs 1,500 crore, with a greenshoe option of an equal amount. It plans to make 12-14 investments across multiple sectors, emphasizing consistent high-return investments.
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