Fulcrum Venture is planning to float a third-party private equity fund of about Rs60 crore to Rs120 crore that will provide growth capital to companies
Mumbai: Fulcrum Venture India, an angel investment fund, is planning to float a third-party private equity (PE) fund with a corpus of Rs120 crore, which will provide growth capital to companies, reports PTI quoting a top company official.
"We are considering to float a third party PE fund that will invest growth capital in companies. The corpus we are looking to raise will be in the range of Rs60 crore and Rs120 crore," Fulcrum's Founder-Partner Krishna Ramanathan told PTI.
He also said that the company would start talks with potential investors soon and commit around Rs25 crore to the proposed fund.
Fulcrum Venture, which enters a company at an early stage as part of its angel investment mandate, will also increase its ticket size after it sets up the PR fund.
"As part of angel investment, our ticket size is usually below Rs5 crore. However, we will invest in the range of Rs5 crore and Rs15 crore from the proposed private equity fund," he said.
Fulcrum Venture, which recently exited Chennai-based real estate developer Casa Grande, made a sound return of Rs50 crore by offloading its entire stake in the company.
"We are looking at investing in two more companies in the near future. Talks are at an advanced stage," he said, referring to the company's forthcoming investments as an angel investor.
He also said that the company may consider exiting some of its earlier investments.