IIFL holds first close at ₹500 Crore ($52.7m) for late-stage fund
Thursday, October 22, 2026 · first reported by AltAssets and 2 others
IIFL Capital Asset Management Limited has held a first close for the IIFL Late-Stage Private Equity Fund, its private equity platform's maiden fund, with commitments of about ₹500 crore as of 15 September 2026. The fund backs profitable, scaled-up Indian companies preparing to list.
It targets ₹1,000 crore, with a greenshoe option of another ₹1,000 crore, and aims to hold its final close within nine months. Two deals are committed and seven to eight are under evaluation. Target companies should have EBITDA of at least ₹75-100 crore, with average deal size of ₹50-100 crore.
- Fund
- IIFL Late-Stage Private Equity Fund
- Size
- $52.7M
- 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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