Fund News
Anicut Capital raises $11-M through GIFT City structure for third private credit fund
Alternative asset management firm Anicut Capital has attracted USD 11 million in dollar-denominated investments through the Gujarat-based GIFT City structure for its Private Credit Fund 3.This funding, sourced from global institutional investors, family offices, and high-net-worth individuals (HNIs) from the US, UK, Europe, and the Middle East, was raised in the International Financial Services Centres Authority (IFSC), which facilitates international investments in India.This investment supports Anicut’s strategy to bridge funding gaps for mid-market enterprises, offering solutions like acquisitions, promoter buybacks, and bridge financing.Anicut has already deployed INR 3,200 crore in private credit across various sectors. Anicut's portfolio includes Milky Mist, Wow! Momo, Bira, Blue Tokai, and Agnikul.
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