Incred Alternative Investments launches Rs 500 crore PE fund
The latest fund aims to create a corpus of Rs 500 crore, which will be invested in quality private companies in series B & C stages, across consumer, financial services, technology and enterprise services sectors.
Incred Alternatives Investments, a part of the Incred Group, on Thursday announced the launch of its maiden alternative investment fund in the private equity space with a targeted corpus of Rs 500 crore.
This is the third such fund from Incred after the successful launch of its structured credit fund and liquid quant fund over the last two years, the company said in a statement.
The latest fund aims to create a corpus of Rs 500 crore, which will be invested in quality private companies in series B & C stages, across consumer, financial services, technology and enterprise services sectors.
The fund will allow high net-worth individuals, family offices as well as institutional investors to access opportunities in private markets, said Bhupinder Singh, founder of Incred.
Vivek Singla, managing partner at Incred Alternative Investments, said the idea behind this fund is to run a concentrated strategy and invest in not more than seven-eight companies where we have high conviction.
The Incred Group comprises three businesses -- Incred Finance that is a new-age NBFC; Incred Capital which is an integrated institutional, wealth and asset management platform; and Incred Money, a retail wealth-tech investment distribution vertical.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
05:21 PM IST