The fund achieved its first close in April 2025 with commitments of approximately Rs 1,000 crore and reached its base fund size within eight months of the first close.
Global digital engineering services are set to grow at a 22% CAGR and expected to cross $550 billion by 2030 with the AI layer alone adding around $275 billion, says Avendus report
Mizuho Financial Group on Dec 17 announced a deal to acquire a stake in Avendus
KKR-affiliate Redpoint Investments Pte Ltd will sell its stake in Avendus to Japanese group’s arm Mizuho Securities
The Board of Avendus Capital is set to convene next week to evaluate the deal proposal from Mizuho to buyout stakes held by KKR and other investors including a few founder promoters.
Sources say some of the valuation and deal terms related aspects which was holding up the acquisition since June have now been ironed out. The deal closure is likely soon.
This marks FLF III’s second investment, the first being its investment in La Renon Healthcare earlier this year.
Avendus’ FLF is a late stage private equity fund that invests in companies that are 2-3 years away from a liquidity event - an IPO or a stake sale
The Avendus fund purchased a stake worth Rs 160 crore from two existing investors.
The fund will make 10-12 investments, with an average allocation of Rs 200-300 crore per investment, targeting sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.
Prior to this, Sahijwani led Burgundy Private, Axis Bank's private banking arm, in his previous position. He has also held pivotal roles at Kotak Wealth, ICICI Bank, HSBC, and Citibank
Tridib Pathak of Avendus PMS says India has demonstrated remarkable economic stability, particularly in the last two-and-a-half years, making it a more attractive investment destination.