IIFL Capital Asset Management’s maiden late-stage private equity fund has secured around ₹500 crore in commitments at its first close. The fund targets ₹1,000 crore, with an option to raise an additional ₹1,000 crore. It will invest in established, profitable Indian businesses preparing for stock market listings. The fund has already committed investments in two companies and is evaluating 7–8 additional opportunities.
