Private Equity

Fund News

Filter Capital announces final close of maiden fund at $100-M

Economic Times  

Mumbai-based investment firm Filter Capital has announced the final close of its maiden CAT II AIF growth-stage fund – Filter Capital India Fund I – at INR 800 crore (about USD 100 million). The fund has received capital commitments from a diverse set of investors – 60% domestic and 40% international.Investors in the fund include the Fund of Funds managed by HDFC AMC and SIDBI, DSP family office, Amansa Capital founder Akash Prakash and Dream Sports cofounder Harsh Jain. It aims to invest in 8-10 companies at an average ticket size of INR 60-100 crore (USD 7.2 million – USD 12 million).The firm’s founders, Nitin Nayar and Sumit Sinha, started raising the fund in 2021 and marked its first close in mid-2022.