Anicut Capital Closes ₹1,275-Crore Third Private Credit Fund

Anicut Capital, an investment firm, has successfully closed its third private credit fund, called Grand Anicut Fund IV (GAF-IV), with a total of ₹1,275 crore.

This amount is more than the initial target of ₹1,000 crore.

The fund allows global investors to participate through a special setup in Gift City.

Anicut Capital uses this money to invest in various businesses, such as consumer goods, technology services, and manufacturing, with an average investment of ₹80 crore per company.

The firm looks for reliable business owners who focus on long-term growth rather than short-term gains.

Anicut Capital's total assets under management now amount to ₹4,500 crore.

Some of the companies in their portfolio include Wow!

Momo, SUGAR Cosmetics, and ShareChat.

Anicut Capital started its journey in Chennai in 2015 with its first private credit fund of ₹400 crore.