Amicus Capital hits final close of second fund at $214 Mn

Bengaluru-based private equity firm Amicus Capital Partners has closed its second fund at $214 million (about Rs 1,800 crore), going beyond its original target of $200 million (around Rs 1,700 crore).

The fund, called Amicus Capital Partners India Fund II, is a SEBI-registered Category II Alternative Investment Fund (AIF). Launched in March 2023, it aims to invest in small and medium-sized private companies.

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"The fundraise exceeded our initial target of $200 Mn is a testament to the trust our investors have placed in us. We are grateful to all our investors, as well as everyone who has worked to get us here…,” Amicus Capital cofounder and partner Mahesh Parasuraman said.

About Amicus Capital

Founded in 2016 by Parasuraman and Sunil Theckath Vasudevan, Amicus has invested in 14 companies so far, including well-known names like Aequs, mCaffeine, MoEngage, and Wonderchef. Its total assets under management now stand at $302 million.

One of the key investors in Fund II is India’s quasi-sovereign fund, National Investment and Infrastructure Fund Limited (NIIF), which contributed Rs 207 crore.

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