Anicut Capital Closes Late-Stage Equity Fund of Rs 300 Cr

A multi-asset alternative investment business called Anicut Capital has announced the closing of its first late-stage Equity Continuum fund, which has raised Rs 300 crore.

Anicut Capital's total assets under management (AUM) has topped Rs 3,000 crore across all of its funds as of this closure, according to a corporate release.

Anicut Capital states that the fund will put money into five or six profitable, significantly scaled businesses that are prepared for an IPO. These businesses are chosen from within the Anicut ecosystem and have been working with Anicut Capital for more than five years.

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Seven agreements totaling Rs 400 crore have been successfully deployed thus far, and by the end of the financial year, the entire corpus is anticipated to be deployed.

The company also intends to launch a third credit fund, with a capital of approximately Rs 1,200–1,500 crore.

Ashvin Chaddha, Managing Partner and Co-founder, Anicut Capital, said: "We are excited about the successful closure of the Rs 300 crore Anicut Equity Continuum Fund (Rs 200 crore + Rs 100 crore green-shoe option) and the strong investor interest it has attracted. The swift closure within eight weeks, bolstered by a substantial Rs 60 crore investment from HDFC AMC, underscores strong investor confidence,"

IAS Balamurugan, Managing Partner & Co-founder, said: "Expanding on private credit and early-stage innovation, we've launched three active fund structures in GIFT City and demonstrated strong investment execution with $100 million deployed in the first half of 2024,"

About Anicut Capital

Founded in 2015 by Ashvin Chaddha, Anicut Capital LLP is the Investment Manager to Grand Anicut Fund 1 and Fund 2, Category II Alternative Investment Debt Funds and Grand Anicut Angel Fund, a Category I Angel Fund.

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