Ambit Global Private Client (Ambit GPC) has finished raising money for the Poonawalla Vision Fund I, hitting its target of roughly Rs 1,000 crore in just three weeks.
Fund Close Highlights
The fund attracted interest from global and domestic institutions, family offices, and ultra‑high‑net‑worth investors. It reached its pre‑set cap of Rs 1,000 crore, showing strong confidence in Ambit GPC’s approach.
Why the Fund Attracted Money
- Ambit GPC has invested Rs 6,765 crore in Indian private markets over the past five years.
- Current portfolio value is about Rs 22,000 crore, delivering an internal rate of return (IRR) of 58% and a multiple of invested capital (MOIC) of 3.23x.
- The initial Rs 500 crore seed was placed in eight leading businesses, already generating an IRR above 40%.
Investment Strategy
The fund focuses on mid‑ to late‑stage, profitable companies backed by institutions. It looks at sectors such as banking, financial services, consumer goods, and business services, and can invest through IPOs, pre‑IPOs, QIPs, or select listed deals. The goal is to partner with market leaders that have solid fundamentals and clear growth paths.
Next Steps
With the fund closed, Ambit GPC is moving into the deployment phase. It plans to keep adding high‑growth companies to the portfolio, using its deep sector knowledge and long‑standing relationships in India’s private‑market ecosystem.
Disclaimer
Remember, this is just an overview, not a recommendation. Always do your own research and consider your risk tolerance before investing.