Anicut Capital has successfully closed its Grand Anicut Fund IV at INR 1,275 crore. This is the company’s third private credit fund, launched at a time when a lot of investment money in venture capital and private equity is still waiting to be used.
The fund also has a GIFT City–based dollar feeder, which makes it easy for foreign investors to invest in India’s private credit market. Anicut usually puts about ₹80 crore into each deal and supports businesses in sectors like consumer goods, engineering services, SaaS, manufacturing, hospitality, and shipbuilding.
With the closing of this fund, Anicut Capital now manages around ₹4,500 crore in total across its debt and equity investments.
“We look for reliable promoters who have navigated cycles, reinvested cash flows back into the business, and built resilient operating systems that tend to stand out more than those optimising for short-term valuations,” said IAS Balamurugan, Co-founder and Managing Partner, Anicut Capital.
Anicut Capital focuses on investing in companies that have strong cash flow, good management practices, and clear exit plans. With each new fund the firm continues to improve and strengthen its professional investment approach.
The company currently manages six funds — three in debt and three in equity — and its investment portfolio includes well-known brands such as Milky Mist, The Ayurveda Experience, Wow! Momo, Mistral, Blue Tokai, XYXX, ToneTag, GNRC Hospital, Neemans, and Agnikul.
Read More- PAG and KKR to Buy Sapporo Real Estate from Sapporo Holdings
