The Bengaluru-based
private equity firm currently has $259 million worth of assets under management across two funds.
Capital Small Finance Bank was listed at an 8% discount to its IPO price on February 14.
The latest
fundraising will take Amicus' second closer to its target of $200 million, which will be invested in growth-stage companies from speciality manufacturing, technology and business services to
healthcare and financial services, a press statement said.
"Including NIIF’s commitment, our second fund has raised $171 million (about ₹1,415 crore) as of today," Mahesh Parasuraman, the co-founder and partner at Amicus Capital, said. This investment from
NIIF will come from the $100 million fund of funds set up in 2021.
The state-initiated NIIF, which has committed over $4.9 billion in investments through four funds, has bet on at least 50 companies in the private markets. NIIF is also backed by the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB), among others.
Private market investments are those that aren't traded on any public exchanges.
ALSO WATCH: The Rise of India’s Private Equity and Credit Market
(Edited by : Amrita)
First Published: Feb 19, 2024 1:22 PM IST
