Avendus Future Leaders Fund III (FLF III) has achieved its first close, raising commitments totaling ₹850 crore. Building on a successful 7-year track record, FLF III continues the proven strategy of its predecessor funds by investing in established and emerging market leaders within the private sector. The first close saw participation from prominent domestic family offices and Indian institutions.
Ritesh Chandra, Managing Partner, Avendus Future Leaders Fund, commented, “The commitment to date for FLF III is a testament to the enduring trust our investors place in the strength of FLF’s investment strategy and its team, and in Avendus’ leadership in this space. This milestone also highlights the significant demand for late-stage private equity as a core component of a balanced alternates portfolio.”
Also read – AstroSure.ai Secures $6 Million in Seed Funding Round
As one of India’s leading large-cap funds for private markets, the Avendus Future Leaders Fund (FLF) focuses on supporting high-growth, market-leading companies and category-defining businesses. By leveraging Avendus’ extensive domain expertise and strong network of relationships with entrepreneurs and financial sponsors, FLF offers investors access to a unique portfolio alongside multiple exit opportunities. Additionally, FLF provides co-investment opportunities in its portfolio companies.
FLF I and II have backed notable companies such as Lenskart, Bikaji, Juspay, SBI General Insurance, and Sagility Technologies. FLF I successfully returned over 100% of investor capital within four years, while FLF II has recently been fully deployed. FLF III is set to make its first investment in the healthcare sector, aligning with its strategy to build a portfolio of consistent performers and value creators.
Also read – Foodtech Startup Fambo Secures Rs 21 Cr Pre-Series A Funding
Registered as a SEBI Category-II Alternative Investment Fund (AIF), FLF III aims to raise ₹1,500 crore, with an additional green shoe option of ₹1,500 crore. The fund plans to make 12-14 investments, with an average ticket size of ₹150–300 crore, targeting sectors such as financial services, healthcare, technology, consumer goods, and manufacturing.
About Avendus
Avendus Group is a leading financial services firm with a presence in the areas of Investment Banking, Institutional Equities, Wealth Management, Credit Solutions and Asset Management.
Also read – Autotech Startup Motorfloor Secures Pre-Seed Funding
