Avendus, a financial services firm, introduced its third Future Leaders Fund, targeting a corpus of approximately Rs 3,000 crore, with an option to raise an additional Rs 1,500 crore through a green-shoe option, according to media reports.
The late-stage fund, emphasising large-cap investments in private markets, aims to execute 10-12 investments, with an average ticket size ranging from Rs 200-300 crore each, as per media reports.
Avendus' third fund aims to leverage its extensive network and expertise in the investor ecosystem to explore differentiated opportunities and various exit routes, including secondary exits and sales through public markets, to provide periodic liquidity to investors. This initiative gains significance as investors seek returns or exits amidst challenges posed by overvalued investments made during the pandemic.
This new fund is, reportedly, poised to target sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing, aligning with Avendus' strategy to back differentiated, high-quality businesses with sustainable competitive moats and a clear pathway to liquidity.
