IIFL Capital raises INR 500 crore at first close of maiden late-stage private equity fund
Thursday, October 15, 2026 · first reported by Prop News Time and 2 others
IIFL Capital Asset Management has raised about INR 500 crore at the first close of its first late-stage private equity vehicle, the IIFL Late-Stage Private Equity Fund. The close was dated September 15, 2026, and subscriptions remain open, with a final close targeted within nine months. The target is INR 1,000 crore, plus a greenshoe option for another INR 1,000 crore.
The fund will back profitable Indian companies planning to list within three years, with EBITDA of at least INR 75-100 crore. Cheques should run from INR 50 crore to INR 100 crore. Two investments are committed and seven to eight more are under evaluation.
- Firm
- IIFL Capital
- Size
- $60M
- Stage
- First close
- Asset class
- Private equity
- Geography
- Asia-Pacific
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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