InCred Alternative Investments Private Ltd. logo. Photo: https://www.incredassetmanagement.com/alternatives/

“InCred Alternative Investments Private Ltd., part of InCred Capital Financial Services Ltd. has announced the final close of its maiden Private Equity fund – InCred Growth Partners Fund-I (IGPF-I) after raising a total of ₹575 crore, which is above the target size of ₹500 crore, with support from family offices,” UHNI and HNI investors, the firm said

IGPF-I is focused on consumption, enterprise, technology and financial services, and has made investments in multiple companies including Manjushree Technopack, Shadowfax, Niva Bupa and Purplle.

“The Fund is in advanced stages of discussions with two more companies,” it said.

Vivek Singla, Managing Partner & CIO – Private Equity at InCred Alternatives said, “The close of IGPF-I marks a significant milestone for InCred Alternatives and reflects the confidence that the investors have placed in our strategy and approach.

“We remain committed to identifying and partnering with high-quality businesses in India and supporting ambitious entrepreneurs in the next phase of their growth,” he said.