NIIF invests Rs 207 crore in Amicus Capital; Know the details

The National Investment and Infrastructure Fund (NIIF) has committed Rs 207 crore (or approx $25 million) in Amicus Capital Fund II. 

The fund, with a goal of $200 million, is designed to propel tech-driven companies across various sectors, including speciality manufacturing, healthcare, and financial services. 

Backing from NIIF's fund of funds

The investment is sourced from the NIIF Fund of Funds - I, marking a significant step in the Private Markets Business (PMF)-I initiative. The investment aims to support both established and emerging fund managers who demonstrate a robust track record, an institutional mindset, and a commitment to high Environmental, Social, and Governance (ESG) standards.

With this, PMF-I has now fully allocated its aggregate capital commitments across eight complementary funds, touching key sectors like climate, healthcare, and technology.

High Returns and Development

Anand Unnikrishnan, Managing Partner – Private Markets at NIIF, expressed enthusiasm about the partnership with Amicus Capital. He emphasized the alignment with high-performing fund managers executing disciplined investment strategies. 

Amicus Capital's investments

Founded in 2016, Amicus Capital has made notable early investments in companies like RenewBuy and Capital Small Finance Bank. With $259 million in assets under management across two funds, The firm is on a robust growth trajectory. The latest funding from NIIF brings Amicus Capital Fund II closer to its $200 million target.

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