Avendus’ Third Future Leaders Fund Raises INR 850 Cr In First Close

Avendus’ Third Future Leaders Fund Raises INR 850 Cr In First Close

SUMMARY

Launched in May 2024, ‘Future Leaders Fund (FLF) III’ has a total targeted corpus of INR 350 Mn, with a green shoe option of up to INR 1,500 Cr

The fund plans to make 12-14 investments, with an average ticket size of INR 150–300 Cr, in sectors such as financial services, healthcare, technology, consumer goods, and manufacturing

The FLF series of funds back high-growth market-leading companies and category-creating businesses

Avendus said that its Future Leaders Fund III (FLF III) has marked its first close, securing INR 850 Cr in commitments from leading domestic family offices and Indian institutions.

Registered as a category-II Alternative Investment Fund (AIF) with SEBI, FLF III is targeting a raise of INR 1,500 Cr with an additional green shoe option of INR 1,500 Cr.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.