The investment structure aims at attracting dollar-denominated investments into India from a diverse group of institutional investors, family offices, and high-net-worth individuals (HNIs) from key global markets including the US, UK, Europe, and the Middle East.
Chennai, October 14th, 2024: Anicut Capital, a multi-asset investment firm, has announced the receipt of $11 million in dollar-denominated investments via GIFT City Structure in its Private Credit Fund 3. This milestone reflects strong investor confidence and a growing investment appetite for Indian private credit among a global investor base.
The investment structure aims at attracting dollar-denominated investments into India from a diverse group of institutional investors, family offices, and high-net-worth individuals (HNIs) from key global markets including the US, UK, Europe, and the Middle East. The funds are raised in International Financial Services Centres Authority (IFSC), a statutory authority established by the Government of India to facilitate international investments.
In private credit, Anicut aims to bridge the gap in funding for requirements such as acquisitions, promoter buybacks, bridge financing and other growth capital requirements. The funds received via GIFT City Structure feed into the overall corpus of INR 1,500 crore that Anicut Capital is currently raising for its third private credit fund. In private credit, Anicut has deployed INR 3,200 crore to date across mid-sized enterprises since inception. Anicut’s funds have helped companies in accelerating strategic expansion, fostering high-potential businesses, and enhancing leadership in India’s investment landscape.
This close marks a significant achievement for Anicut Capital, as it continues to strengthen its global investor footprint and solidify its position as a leading player in the Indian private credit space.
“The funds received via GIFT City structure in our Private Credit Fund 3 highlights the confidence global investors have in Anicut,” said Ashvin Chadha, Managing Partner at Anicut Capital. “We are committed to delivering strong returns by offering customized credit solutions for mid-market companies, leveraging our industry expertise to create value for both investors and businesses.”
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About Anicut Capital:
Anicut Capital is an alternative asset management company managing multiple AIFs across both debt and equity strategies. Managing six diverse funds, including three debt funds and three equity funds, Anicut has a total active AUM of INR 3,500 crores. Our portfolio features some of the most exciting companies and dynamic brands such as Milky Mist, The Ayurveda Experience, Wow! Momo, Mistral, BlueBinaries, Bira, Blue Tokai, XYXX, Wingreens, Neemans, and Agnikul. With presence across Delhi, Chennai, Bangalore, and GIFT City, Anicut Capital is committed to fostering innovation and driving sustainable growth in the Indian private investment landscape.
