Emerging private equity managers in India
Emerging private equity funds in India: first sale in 2021 or later and under $50 million raised, largest first.
Fund
First sale
Raised
Investors
Minimum
Offering
Sky Capital Vision Fund I
Gift City, Gandhinagar, IndiaEmergingOffshore
First saleSep 2024
Raised$47.8M
Investors8
Minimum$200K
Offering506(b)
Vistaject Fund
GIFT SEZ, Gandhinagar, IndiaEmergingOffshore
First saleJul 2026
Raised$39.2M
Investors6
MinimumNone set
Offering506(b)
Kedaara Emerald Holding
Gandhinagar, Gujarat, IndiaEmergingOffshore
First saleDec 2024
Raised$34.8M
Investors2
Minimum$10.0M
Offering506(b)
Somerset Indus Healthcare India Fund III - Scheme I
Mumbai, IndiaEmergingOffshore
First saleJun 2024
Raised$25.1M
Investors3
MinimumNone set
Offering506(b)
Avendus Structured Credit Fund III
Mumbai, IndiaEmergingOffshore
First saleMar 2025
Raised$8.4M
Investors5
Minimum$106K
Offering506(b)
Avendus Future Leaders Fund III
Mumbai, IndiaEmergingOffshore
First saleFeb 2025
Raised$5.0M
Investors3
Minimum$113K
Offering506(b)
Yugadi Capital
Gandhinagar, IndiaEmergingOffshore
First saleApr 2024
Raised$3.3M
Investors12
Minimum$150K
Offering506(b)
India Life Sciences Fund IV Domestic
Hyderabad, Telangana, IndiaEmergingOffshore
First saleMar 2024
Raised$1.6M
Investors3
MinimumNone set
Offering506(b)
Bandhan India Large & Midcap Fund Ifsc
Gandhinagar, IndiaEmergingOffshore
First saleSep 2025
Raised$1.2M
Investors5
Minimum$150K
Offering506(b)
Client Associates Alternative Investment Trust
Gurgaon, IndiaEmergingOffshore
First saleFeb 2024
Raised$843K
Investors2
Minimum$120K
Offering506(b)
Triton Fund II (a scheme of Triton Alternative Investment Trust)
Mumbai, IndiaEmergingOffshore
First saleFeb 2025
Raised$440K
Investors3
Minimum$110K
Offering506(b)
Agastya Capital India Growth Fund
Mumbai, IndiaEmergingOffshore
First saleMar 2026
Raised$423K
Investors2
Minimum$250K
Offering506(b)