July 12, 2024: Anicut Capital, a multi-asset alternative investment firm, has announced the successful closure of its inaugural late-stage Equity Continuum fund totaling Rs. 300 crore, to boost prospects of growth companies seeking IPOs.
This fund is earmarked to bolster high-potential companies gearing up for an IPO within the next 2-4 years. With this milestone, Anicut Capital‘s aggregate assets under management (AUM) now exceed Rs 3,000 crore across all its funds, according to the company’s official statement.
Anicut Capital claims to bridge the gap between ambition and success, providing strategic insights, industry knowledge, and funding. At Anicut, an investment is more than capital; it’s a partnership for the future.
Equity Continnum Fund to invest in 5-6 companies that recorded substantial growth
The firm disclosed that the fund will strategically invest in 5 to 6 companies that have demonstrated substantial growth, profitability, and readiness for public listing. These companies are carefully selected from within Anicut Capital’s established ecosystem, where they have built enduring relationships spanning over five years.
“We are thrilled to have successfully closed the Rs 300 crore Anicut Equity Continuum Fund (Rs 200 crore + Rs 100 crore green-shoe option), attracting robust investor interest,” said Ashvin Chaddha, Managing Partner and Co-founder of Anicut Capital. “The swift closure within eight weeks, reinforced by a significant Rs 60 crore investment from HDFC AMC, underscores the strong confidence of our investors.”
To date, the firm has already deployed Rs 400 crore across seven deals, with plans to fully utilize the fund by the end of the fiscal year. Looking ahead, Anicut Capital is preparing to launch its third credit fund with a targeted corpus ranging between Rs 1,200 crore to Rs 1,500 crore.
“I am pleased to announce our expansion into private credit and early-stage innovation through three active fund structures in GIFT City,” commented IAS Balamurugan, Managing Partner & Co-founder. “We have demonstrated robust investment execution with $100 million deployed in the first half of 2024.”
The closure of the Equity Continuum Fund marks a significant step for Anicut Capital as it continues to strengthen its position in the alternative investment sector, focusing on nurturing promising ventures towards IPO readiness.
