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National Investment Infrastructure Fund Limited (“NIIF”), a co-investment platform supported by the Government of India, has announced a US$25 million investment in Amicus Capital Partners India Fund II (“Amicus Capital Fund II”). announced.
Funds were provided by Fund of Funds-I, the first fund of NIIF’s Private Market Business (PMF)-I.
PMF-I intends to support established and emerging fund managers with a strong track record, institutional mindset and commitment to following high standards of environmental, social and governance (ESG) practices in their business.
PMF-I addresses key sectors such as climate, healthcare and technology with commitments to eight complementary funds across growth equity, venture capital, buyouts and credit. As of its recent commitment to Amicus Capital Fund II, PMF-I has used 100% of the total commitment.
Amicus Capital Fund II has a target size of $200 million to support companies leveraging technology to scale in the early stages of growth across specialty manufacturing, technology and business services, healthcare, financial services, and other sectors. I hope that you will.
Anand Unnikrishnan, Partner Managing Partner, Private Markets, NIIF, said: “We support fund managers who have a proven track record of executing well-defined investment strategies in a disciplined manner and with strong financial strength. We are pleased to partner with Amicus Capital in recognition of our company’s commitment to doing so.” We believe the Amicus Capital team has the potential to deliver strong returns while driving India’s development through investment and look forward to a successful partnership. ”
Founded in 2016 by Sunil Theckath Vasudevan and Mahesh Parasuraman, Amicus Capital focuses on investing in various sectors, including financial services, healthcare, technology, and business services, where its investment team has deep experience and networks. This is an early growth capital fund. Special manufacturing. It currently manages $259 million in assets across two funds.
Mahesh Parasuraman, Partner and Co-Founder, Amicus Capital, said, “NIIF’s support at this time as the largest investor in Amicus Capital Fund II is expected to further increase the fundraising momentum. “Our second fund has completed its financing, including a commitment from NIIF.” The current investment amount is $171 million. NIIF’s expertise and network will be invaluable in identifying and continuing to support promising companies early in their growth cycles. ”
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