IIFL Capital raises about ₹500 crore at first close of private equity fund
IIFL Capital Asset Management raised about ₹500 crore at the first close of its late-stage private equity fund, which targets a ₹1,000 crore corpus.
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what happened
According to TradingView, citing a press release from IIFL Capital Asset Management Limited, the company has completed the first round of fundraising for its Late-Stage Private Equity Fund. The first close came in at about ₹500 crore.
The fund targets a ₹1,000 crore corpus and has a ₹1,000 crore greenshoe option on top of that. The final close is expected within nine months. Two deals have already been committed.
why it matters
The first close confirms investor appetite for the strategy as India's IPO market recovers. The capital lets the fund start investing in late-stage companies that could later list on the exchange. For the broader market this is a local story, but it shows money flowing into the pre-IPO segment.
tags
sources
- IIFL Capital Asset Management Limited First Close At ~₹500Cr — TradingView, 22 October 2026 at 04:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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