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Alternate investment firm Anicut Capital has announced the final close of its third private credit fund Grand Anicut Fund IV (GAF-IV) at INR 1,275 Cr (about $142 Mn).
The debt fund was oversubscribed against the firm’s initial target of raising INR 1,000 Cr to back startups across consumer, engineering services, SaaS, manufacturing, hospitality and shipbuilding sectors.
In a statement, Anicut said that the fund includes a GIFT City-based dollar feeder, which will enable global investors to…
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