Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

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₹3,000 crore, including a green-shoe option to raise up to ₹1,500 crore more.The late-stage fund, which will focus on large-cap investments in private markets, intends to make 10-12 investments, with an average ticket size of ₹200-300 crore each, Avendus said in a statement on Wednesday. The fund will target sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing."With Avendus Future Leaders Fund III, our approach remains straightforward - harnessing the vast potential of late-stage private opportunities while co-opting the existing financial sponsor ecosystem," said Ritesh Chandra, managing partner, Avendus Future Leaders Fund.

"We continue to back differentiated, high-quality businesses with sustainable competitive moats and a clear roadmap to liquidity."The fund’s investments will include both primary as well as secondary transactions, in companies that have disaggregated institutional investor shareholding. These companies will need to have a strategic competitive edge, execution capabilities across market cycles, and strong operating metrics with dominant market positions, the statement added.Also Read: Flex workspace market to reach 126 million sqft by 2028: AvendusThrough its extensive network and expertise in the investor ecosystem, Avendus' third fund aims to leverage differentiated opportunities and multiple exit options including secondary exits and sale through public markets to provide periodic liquidity to backers.