Avendus launches Rs 3,000-Cr late-stage fund

Avendus Capital has launched a third Future Leaders Fund for which it aims to raise about INR 3,000 crore. The late-stage private markets fund intends to make 10-12 investments, with an average ticket size of INR 200-300 crore each in target sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.The fund’s investments will include both primary as well as secondary transactions, in companies that have disaggregated institutional investor shareholding.