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InCred Alternative Investments achieves rapid initial closure of its debut Private Equity fund; Aims for INR 500 Crore

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Mumbai: InCred Alternative Investments (‘InCred Alternatives’) has announced the successful initial completion of its first Private Equity fund, ‘InCred Growth Partners Fund – I’ (IGPF – I). As a division of InCred Capital, which is part of InCred Group (‘InCred’), InCred Alternatives oversees institutional, wealth, and asset management.

Launched recently, IGPF-I has secured capital commitments exceeding INR 330 Crore in its initial phase. This accomplishment stems from significant backing from affluent individual investors, leveraging InCred’s robust wealth network. IGPF-I aims for a final close of INR 500 Crore and concentrates on investing in growth and late-stage companies within consumer, financial services, and enterprise/technology sectors, typically investing between INR 40-80 Crore per opportunity.

Heading the fund is Mr. Vivek Singla, Managing Partner & CIO – Private Equity at InCred Alternatives, bringing nearly twenty years of investment management expertise across private and public equity markets.

Commenting on the first close, Vivek Singla said, “The successful first close of IGPF – I is a testament to our strong track record and the trust placed in us by our investors. It is also resonant of the confidence returning to the private equity space, with private market valuations being at realistic levels and a stark shift in the founders’ mindset from ‘growth at any cost’ to ‘profit after all costs.”

 

Tags: IGPF-IInCred