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ICICI Venture scraps commercial property development fund with private developer

VCCircle

VCCircle · 1y ago

ICICI Venture scraps commercial property development fund with private developer

ICICI Venture has decided to cancel its plans for a commercial property development fund with a private developer. This decision comes three years after announcing the intention to establish this investment vertical. ICICI Venture is a well-established alternative investment firm in India, specializing in various sectors such as private equity, residential real estate, and infrastructure funds. No further details about the reasons behind the cancellation were provided.

Related News

ICICI Venture nears final close of debut VC fund for growth-stage bets

VCCircle

VCCircle · 1y ago

ICICI Venture nears final close of debut VC fund for growth-stage bets

ICICI Venture, the private equity and real estate investment subsidiary of ICICI Bank, is nearing the final close of its first venture capital fund, according to sources. The fund will focus on investing in companies during their growth stages. ICICI Venture is an asset manager with a strong track record and is considered a significant player in the Indian market.

ICICI Venture set to wrap up fundraising for fourth real estate fund

VCCircle

VCCircle · 1y ago

ICICI Venture set to wrap up fundraising for fourth real estate fund

ICICI Venture, the private equity investment arm of ICICI Bank, is nearing the completion of its fundraising for its fourth real estate fund. The firm has raised nearly 90% of the target amount, according to an anonymous source. ICICI Venture is a well-established private equity firm and is associated with one of the oldest banks in India.

ICICI Venture seals a healthcare deal with prosthetics maker

VCCircle

VCCircle · 3m ago

ICICI Venture seals a healthcare deal with prosthetics maker

ICICI Venture, a mid-market private equity firm, has entered the healthcare sector by acquiring a minority stake in a prosthetics manufacturer. This deal follows the firm raising over $350 million for its fifth private equity fund and working on its first venture capital fund. The investment aims to leverage growth opportunities within the healthcare sector, emphasizing ICICI Venture's strategic direction towards diversified sectoral investments in its expanding portfolio.

How was ICICI Venture’s exit move from firm it backed for second time?

VCCircle

VCCircle · 1y ago

How was ICICI Venture’s exit move from firm it backed for second time?

Indian private equity firm ICICI Venture has made its second exit move by selling a significant portion of its stake in a company it initially backed ten years ago. The firm fully exited from the company in 2018 but reinvested in it two-and-a-half years ago. ICICI Venture recently completed fundraising for a new private equity fund.

ICICI Prudential AMC to take over PE, VC, real estate funds from ICICI Venture

VCCircle

VCCircle · 3m ago

ICICI Prudential AMC to take over PE, VC, real estate funds from ICICI Venture

ICICI Prudential Asset Management Co Ltd is set to acquire private equity, venture capital, and real estate fund management businesses from ICICI Venture, as part of the companies' internal agreement. The acquisition, detailed in a stock exchange filing, has received in-principle approval from their respective boards and is subject to regulatory clearance. This move will allow ICICI Prudential AMC to offer an integrated range of investment asset classes, though ICICI Venture will continue some advisory roles.

Nuvama, Cushman and Wakefield’s fund buys Delhi office asset in maiden bet

VCCircle

VCCircle · 2m ago

Nuvama, Cushman and Wakefield’s fund buys Delhi office asset in maiden bet

Prime Offices Fund, established by a joint venture between Cushman and Wakefield and Nuvama Asset Management, has made its first investment by purchasing a commercial asset in Delhi. The property was acquired from a consortium led by Kotak Alternate Asset. As of January, the fund had raised approximately Rs 1,700 crore from investors. This move marks a significant step for the fund, which focuses on commercial real estate investments.

ICICI Venture scores a juicy private equity exit

VCCircle

VCCircle · 12m ago

ICICI Venture scores a juicy private equity exit

Indian private equity firm ICICI Venture has made an exit from a healthcare portfolio company, marking a significant milestone for the company. After finishing fundraising for its fifth investment vehicle and nearing the final close of its maiden venture capital fund, ICICI Venture is continuing to make successful moves in the private equity space. This latest exit highlights the firm's ability to generate returns and solidifies its reputation as one of the oldest and most established alternative investors in India.

Ahmedabad developer Shivalik Group’s maiden real estate fund marks first close

VCCircle

VCCircle · 11m ago

Ahmedabad developer Shivalik Group’s maiden real estate fund marks first close

Ahmedabad-based developer Shivalik Group has achieved a significant milestone by marking the first close of its maiden real estate fund. The Shivalik Investment Fund, a category-II alternative investment fund, has secured around half of its targeted corpus of INR 150 crore ($20.6 million). The fund will invest in residential, commercial, and plotted development projects in Ahmedabad. Shivalik Group aims to leverage the transformative phase in Ahmedabad's real estate market and offers investors an opportunity to be part of its growth story. The fund has already attracted high-net-worth individuals, family offices, and private institutions as limited partners.

ICICI Venture tops up multi-bagger exit move from portfolio co

VCCircle

VCCircle · 7m ago

ICICI Venture tops up multi-bagger exit move from portfolio co

ICICI Venture, the private equity arm of ICICI Bank, has made another successful partial exit from a portfolio company it invested in three years ago. This move adds to the firm's strong investment track record and impressive returns. ICICI Venture is one of the oldest alternative investors in India, active in private equity and real estate sectors.

ICICI Venture-backed Prayagraj Power plans over $700 mn expansion

VCCircle

VCCircle · 11m ago

ICICI Venture-backed Prayagraj Power plans over $700 mn expansion

ICICI Venture-backed Prayagraj Power, a thermal power producer, is planning to invest around $715 million to expand its coal-based generation capacity by one-third. The Uttar Pradesh-based company aims to increase its existing capacity with this investment. Prayagraj Power is backed by ICICI Venture, the private equity arm of ICICI Bank.

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