Fund News
Anicut Capital closes third private credit fund at Rs.1,275-Cr
Chennai-based multi-asset investment firm Anicut Capital has closed its third private credit fund, Grand Anicut Fund IV (GAF-IV), at INR 1,275 crore, exceeding its initial target of INR 1,000 crore. The fund incorporates a Gift City-based dollar feeder, allowing global investors to participate in India’s private credit sector.Following the close of GAF-IV, Anicut Capital’s total assets under management amounted to approximately INR 4,500 crore, spanning both debt and equity strategies.Anicut Capital commenced operations in 2015 with its first private credit fund of approximately INR 400 crore. The firm deploys an average of INR 80 crore per transaction. Its portfolio comprises companies across consumer, engineering services, SaaS, manufacturing, hospitality, and shipbuilding sectors, featuring brands such as Wow! Momo, SUGAR Cosmetics, Wingreens, Blue Tokai, ShareChat, mcaffeine, Milky Mist, and Goodmelts.
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